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

2869 Northeast Sandy Boulevard
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This MultiFamily property located in OR was sold for $43,000,000 4 months ago. The brokers of the deal were Anthony Palladino, Giovanni Napoli, Philip Assouad, Nicholas (Nick) Ruggiero, and Ryan Harmon

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:

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.

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  • Location
    2869 Northeast Sandy Boulevard2869 Northeast Sandy Boulevard
  • Sale Price
    $43,000,000$43,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    5 Brokers, 1 Agency5 Brokers, 1 Agency

Agents

Ryan Harmon

Ryan Harmon

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Sold$510.7M

Agency

Institutional Property Advisors

Institutional Property Advisors

Agency
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Volume$16.3B

Deal Summary

SALE IMAGE: Farrokh Billimoria, Richard Boynton, Anthony Palladino, Giovanni Napoli, Nicholas Ruggiero, Philip Assouad & Ryan Harmon DATE: 10/19/2023 ADDRESS: 2869 Northeast Sandy Boulevard MARKET: Portland, OR ASSET TYPE: Multifamily 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 SALE PRICE: $43,000,000 UNITS: 206 ~ PPU: $208,738 NOTE: Fairfield Residential has sold the Sandy28 community in Portland, Oregon, comprising 206 units, to Green Leaf Capital Partners for $43 million.

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2869 Northeast Sandy Boulevard

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