Clarion Partners Purchases Willow Pointe in Vancouver, Washington, for $45.5 Million

VANCOUVER, WASH. — An entity associated with Clarion Partners has purchased Willow Pointe, a 191-unit property situated on 15 acres in Vancouver, for $45.5 million. The average unit size is 1,162 square feet. Anthony Palladino, Giovanni Napoli, Philip Assouad, Ryan Harmon and Nick Ruggiero of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, a local private partnership, and procured the buyer in the deal.