Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



PACIFIC NORTHWEST NEWS
Printer-friendly Version   Email an Associate
Portland Area Multifamily Asset Sells for $52 Mil

8/29/14

In a sizable Portland area multifamily buy, an affiliate of The Randall Group Inc has acquired The Landing Apartments and Townhomes for $52.5 mil. Located at 19901 Coast Redwood Ave in Oregon City, OR, The Landing is comprised of 185 townhomes and 117 luxury apartments, situated on 14 acres.

The apartment unit mix at The Landing includes spacious studio, one-, and two-bedroom homes with nine-foot ceilings. The townhomes feature three- and four-bedroom layouts with direct-entry single and double garages.

Construction on The Landing was completed in 2013. As the newest building in its submarket, lease up pace was brisk. The property was 96% occupied at the time of sale. CTL Management will provide property management services.

Graham Taylor and Carrie Houck of CBRE’s Investment Properties, Multifamily, team in Portland represented the seller, VergePointe Capital and a prominent local homebuilder. Jim Rice and Nick Santangelo of CBRE’s Debt & Structured Finance team placed $38.6 mil in acquisition financing on behalf of the buyer. Matt Vance and Scott Roberts managed the investment in The Landing for VergePointe Capital.





Return to the Archive page


 
 
 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media