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10/19/21
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FPA Multifamily acquired Hidden Village, a 98-unit, garden-style multi-housing community in West Linn, OR, for $30.25 mil ($308.7k/unit). The property was sold by Guardian Real Estate Services LLC.
Hidden Village comprises one- and two-bedroom flats and two-bedroom townhomes averaging 848 sf in size. Units feature stainless steel appliances, fireplaces, upgraded LED lighting, balcony/patio with storage and vaulted ceilings. The community offers a clubhouse, pool, spa, fitness center, covered parking and detached garages.
Situated at 40010 Robin Pl, Hidden Village is surrounded by a host of expanding manufacturing, educational and healthcare companies, including Clackamas Community College, PCC and Blount. The property’s location connects residents to major transportation arterials granting access to downtown Portland in 25 minutes. Residents have access to 4.8 msf of retail within a three-mile radius of the property, such as Cascade Summit Town Square, Oregon City Shopping Center and downtown Lake Oswego.
Ira Virden, Carrie Kahn and Frank Solorzano with JLL Capital Markets represented the seller in the deal.
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