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Virtú Investments Buys 204-Unit OR Multifamily Asset

6/10/20

Virtú Investments has acquired Modera Davis, a 204-unit, luxury high-end residential community located in Portland’s Pearl District. The price was not disclosed.

Modera Davis is located at 215 NW 10th St within the affluent Pearl District, and was sold prior to receiving a temporary certificate of occupancy. The newly built, 12-story property features units averaging 658 sf in size, along with 8.3k sf of retail space and 136 parking stalls. The property boasts a Walk Score® of 100 and Transit Score® of 95 due to its location adjacent to some of the city’s most iconic restaurants, retailers and entertainment venues.

Apartments feature spacious floor plans with private balconies and high-end finishes, including quartz countertops and backsplashes, stainless steel appliances, wine refrigerators, modern slab panel cabinetry, plank flooring, expansive windows and full-size washers and dryers. Community amenities feature a top-floor fitness center, rooftop deck with grilling area and fire pit, sauna with rock salt wall, sensory deprivation float spa chamber, golf simulator, demonstration kitchen and electric vehicle charging stations.

Ira Virden, Carrie Kahn and Frank Solorzano with JLL Capital Markets represented the seller, a joint venture between Mill Creek Residential Trust LLC and their capital partner, in the deal.




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