Improving life quality

Holland Partner Group is working collectively to steadily improve its residents’ quality of life

Headquartered in Vancouver, Washington, Holland Partner Group (HPG) was founded in 2001. It consists of five operating companies: Holland Investment, Development, Residential, Redevelopment and Construction, which collectively employ over 750 people. In serving the most highgrowth Western US markets, such as Seattle, Portland, Los Angeles, Denver, San Diego and the San Francisco Bay Area, HPG generates an annual business volume in the low billions and is recognized as the most consistent and reliable operation in the real estate industry.

In the development of modern and distinctive residential buildings and living spaces, as well as the transformation of existing sites, HPG strives to create properties that have a lasting impact on their tenants. The result is the creation of living spaces that bring neighbors closer together, amplifying the sense of community felt by all. To accomplish this, the business draws upon the talents of its world-class teams of designers, architects, interior designers, sustainability consultants, landscape artists and technologists.

Responsibility, values, great people and work, exceptional service, sustainable approaches and fun, are among the factors driving the business and facilitating its core principles. These ultimately enable the realization of its vision to create the homes of choice of its employees, residents and partners, and pave the way to creating communities that inspire people to reach their full potential. The principles themselves are focused on residents, team members, communities and partners.

Residents are intrinsic to the company’s mission. Meeting a tenant’s needs by addressing any issues promptly and acting with kindness supports them in reaching their full potential. The importance of team members speaks to the necessity of inclusivity within the working environment, and the celebration of both the diversity and achievements of the company’s people. Through fulfilment and purpose, it aims to provide a manageable work-life balance, which encourages collaboration in a culture that highlights safety and innovation. Clarity, in training and support, is as important as the leadership qualities of capability, fairness and honesty.

The communities principle relates to providing value to society and helping to solve the nation’s housing crisis. Whether it’s in the support of policies that make properties more affordable to renters or strategically developing lots close to job centers or public transport routes, HPG strives to deliver the highest quality and most sustainable buildings possible, where they are needed the most. Finally, the concept of partners is interwoven with all of the above. The company understands that in acting on its other principles in practice, it must earn a responsible return and add value to the investment opportunities it provides for its partners. This ensures a lucrative future for all, minimizes risk and allows for further R&D to maintain its position as an industry leader.

Indeed, the first of HPG’s operating companies, Holland Investments, secures and executes multi-family investment opportunities in each of the primary, Western US markets, and utilizes bottom-up analysis to ensure risk-adjusted returns. These opportunities are selected based on the criteria of offering longterm, predictable cash flow, or because they are undervalued or inefficiently managed or financed. The other Holland divisions,

Development, Residential, Redevelopment

and Construction, all come into play when tailoring each asset to its unique objectives.

Return on investment

Holland Development (HD) has cornered its specialty by homing in on locations that are within walking distance of areas boasting rapidly expanding employment. Popular among the rising creative class, the business focuses on urban infill residences and mixeduse trophy communities to provide more housing options where they are required. HD is able to repeatedly return on the investments provided by its partners and financial participants, by specifically catering new projects to the needs of modern residents through its expertise in entitlement, finance, design, operations and management.

On the operational side, Holland Residential (HR) has a geographical footprint that spans 20 cities, across five states, with a total of 13,800 units under its management. Its overriding mission is to create and manage superior living environments that exceed expectations and enhance its residents’ quality of life. HR is currently presiding over more than 55 communities and has bases and retail space in Washington, Oregon, California, Arizona and Colorado. Each of these locations is led by a Vice President, who is supported by a regional team of property managers that report directly into Holland’s corporate office. This fully integrated operations platform maximizes asset value, drives qualified demand, attracts high rent payers and increases tenant retention.

HPG’s redevelopment team is crucial to Holland Investment’s acquisition operations. In the initial stages of the process, it performs a cursory review of the asset in question, to provide feedback and capital needs for use in underwriting. Once a contract is in place, the team proceeds with an extensive exterior review of the physical site and a full interior evaluation, which includes, but is not limited to, destructive testing to identify structural issues or the potential for hidden damage. Thusfar, it has supported the acquisition of over 50 assets comprised of over 12,000 units and successfully implemented over $150 million worth of capital improvements, such as roof replacements, exterior repaints and enhancements and general renovations.

Regional developments

The last of HPG’s operating companies is Holland Construction (HC). In its position at the helm of all of the group’s building activities, it works alongside the other four divisions as a project manager for any new construction projects from conception to completion. This inhouse, collaborative approach ensures a smooth journey from acquisition and design to construction and renovation, then finishing with the transition into property management. HC has successfully completed the development of more than 70 assets spanning over 21,000 units.

In February 2022, HC broke ground on a $400 million project in downtown San Diego with Lowe and North America Sekisui House, as part of a surge of developments scheduled to enhance the area over the next two years. The site, formerly known as Courthouse Commons, on account of it being situated on what was once San Diego’s superior courthouse, has been renamed West. Across 37 stories, and at 445 feet tall, it will comprise offices, apartments and commercial space, a rare but soon to be replicated combination within the local vicinity. The conditions of HC’s acquisition of the West site, dictated by San Diego County, included the construction of an $80 million tunnel connecting San Diego County Central Jail to the new courthouse.

The majority of the construction is expected to be completed by early 2024 and leasing is currently under way. The living space will be made up of 431 apartments, of which 41 will be reserved for low-income renters. The offices will span a total of 270,000 square feet, with some floor plans as large as 39,000. The commercial space, on the ground floor of the tower, above the underground parking, will cover 19,000 square feet. As a means to seamlessly blend this mix of retail, offices and housing, the interior design will likely more closely resemble a hotel than any of the others to date. We look forward to seeing the finished development. ■ www.web-address.com

Ocean Park Mechanical

We, at Ocean Park Mechanical, are a proud partner of Holland Construction, and look forward to being an integral part of its team for many years, as it continues to build successful and attractive projects. It is our privilege to provide the highest quality solution-based services to Holland Construction, as well as all our highly valued clients from San Diego to Vancouver. We take pride in providing plumbing and HVAC construction services that are second to none, including design build with Revit and full BIM capabilities.