Green Leaf Capital Partners Acquires Sandy28 Multifamily In Portland For $43M

Fairfield Residential has sold the Sandy28 community in Portland, Oregon, to Green Leaf Capital Partners. The multifamily property, located at 2869 Northeast Sandy Boulevard, consists of 206 units. The transaction took place on October 19, 2023, with a sale price of $43,000,000. This brings the per unit price to $208,738.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $43,000,000
• Date: October 19, 2023
• Address: 2869 Northeast Sandy Boulevard, Portland, OR
• Market: Portland, OR
• Buyer: Farrokh Billimoria - Green Leaf Capital Partners
• Seller: Richard Boynton - Fairfield Residential
• Brokers: Anthony Palladino, Giovanni Napoli, Nicholas Ruggiero, Philip Assouad & Ryan Harmon - Institutional Property Advisors
• Units: 206
• Price Per Unit (PPU): $208,738

This transaction marks the sale of Sandy28 community from Fairfield Residential to Green Leaf Capital Partners. The buyer, Farrokh Billimoria, represents Green Leaf Capital Partners in the deal. The seller, Richard Boynton, acted on behalf of Fairfield Residential. The transaction was facilitated by a team of brokers from Institutional Property Advisors, including Anthony Palladino, Giovanni Napoli, Nicholas Ruggiero, Philip Assouad, and Ryan Harmon.

Note: Fairfield Residential has successfully completed the sale of the Sandy28 community to Green Leaf Capital Partners. The property consists of 206 units and was sold for $43 million.