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3/13/26
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Cedar Square, a 155-unit garden-style apartment community in Beaverton, OR, traded hands in a recent $29.85 mil ($192.5k/unit) transaction. Built in 1980 with additions completed in 2016 and 2024, the property is located at 10480 SW Eastridge St.
Cedar Square offers residents large floor plans averaging 853 sf, with patios or balconies on every unit, ample parking and abundant green space. The property features one-, two- and three-bedroom apartments with amenities including a fitness center, playground and on-site laundry facilities. Current ownership has completed significant capital improvements including repaving and replacing siding, windows, decks and roofs on the majority of buildings.
Situated less than one mile from Cedar Hills Crossing, Cedar Square is in one of the most sought-after retail destinations in the Portland MSA with over 1 msf of retail space. The property sits at the intersection of Highway 217 and Highway 26, near the Sunset Transit Center, granting residents connectivity to downtown Portland, Beaverton and Hillsboro in under 10 minutes via car or MAX Light Rail.
JLL Capital Market’s Investment Sales and Advisory team led by Senior Managing Director Ira Virden, Managing Director Carrie Kahn and Associate Owen Wise represented the seller, a local owner. JLL also represented the buyer, a joint venture between Glencrest Group and Sky Alps Capital, in arranging an acquisition loan. Cedar Square is the eighth acquisition Glencrest Group has sponsored in the Portland Metropolitan Area.
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