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April 18, 2021
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PACIFIC NORTHWEST NEWS
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Mountain Capital Partners (MCP) and New Earth Equities Pick Up 99-Unit Res Property in Portland

3/12/21

Harbour Court, a 99-unit apartment community in Portland, OR, was purchased by a joint venture between Mountain Capital Partners (MCP) and New Earth Equities (NEE). MCP partnered with NEE as the LP and was instrumental in the closing and securing financing.

Originally built in 1999, Harbour Court offers spacious floorplans, 9í ceilings and community amenities that include an indoor pool and spa, fitness center and generous parking. With an exceptional, transit-oriented location, high-quality construction and only minimal upgrades completed to date, the property offers a value-add opportunity for the buyer.

Harbour Court is located at 910 N Harbour Dr and is centrally located in Portlandís Bridgeton neighborhood, proximate to employment and recreation centers in downtown Portland and Vancouver. The property is served by Portlandís MAX light rail service, TriMet bus lines and Interstate 5, providing convenient multi-modal transportation throughout the Metro.

Ira Virden, Carrie Kahn and Frank Solorzano with JLL represented the seller, Harbour Court Owner LLC, an affiliate of the ConAm Group, in the deal. The sale price was not given out.





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