Updated Aug 25, 2026
John Carrafiell Of BentallGreenOak Acquires 301-Unit Savanna At Reed's Crossing For $160M
3405 Southeast Reed Drive
$160,000,000
Units
301
Asset Type
MultiFamily
Closing
Aug 19, 2026
About this deal
AI
The asset involved in this transaction is a 301-unit multifamily community known as Savanna at Reed’s Crossing, located at 3405 Southeast Reed Drive in Hillsboro, Oregon. The sale was executed at a price of $160,000,000, which results in a price per unit of approximately $531,561.
Summary of transaction details:
- Property Type: Multi-Family
- Transaction Amount: $160,000,000
- Address: 3405 Southeast Reed Drive
- Market: Hillsboro, OR
- Units: 301
- Price per Unit: $531,561
- Buyer: John Carrafiell - BentallGreenOak (BGO)
- Seller: Holland Partner Group
John Carrafiell represents BentallGreenOak (BGO) in this transaction, purchasing the property from Holland Partner Group as part of a larger portfolio acquisition totaling $953.9 million, which encompasses four assets.
Hillsboro MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93