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September 22, 2021
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Two Multifamily Communities Acquired by an Affiliate of The Wolff Company for $109 Mil

8/02/21

An affiliate of The Wolff Company acquired two multifamily communities in Portland for a combined price of $109 mil. The properties, North Hollow and Sky3, total 317 units.

Located at 1551 SW Taylor St in the Goose Hollow District, North Hollow was originally constructed in 2018. The community features a mix of studio, one- and two-bedroom apartments. Community amenities include a rooftop deck, outdoor kitchen, courtyard, outdoor movie theater, fitness center, pet washing station and direct access to public transportation.

Sky3 is located at 1221 SW 11th Ave and was originally constructed in 2017 in Portlandís Arts District. The 15-story building offers a mix of studio, one- and two-bedroom apartments. Community amenities include bicycle storage, clubhouse, fitness center, pet washing station and on-site coffee shop.

CBREís Joe Nydahl, Josh McDonald and Phil Oester represented the buyer and the seller of both properties, Las Vegas-based real estate development firm The Molasky Group, in the transactions.





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