The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
February 28, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Glencrest Group Closes $27 Mil Buy of Portland Res Community


Glencrest Group purchased Meadowland Apartments, a 168-unit, garden-style apartment in Portland, for $26.85 mil ($160k/unit). The property, which was sold by NBP Capital, will be renamed Township Eastside by the new ownership.

Built in 1991, Township Eastside features two-bedroom/two-bathroom units with an average size of 986 sf plus in-unit laundry and a patio or balcony. The majority of the units have not been renovated. Current amenities include a clubhouse, swimming pool, playground and detached garages.

Situated at 17310 SE Naegeli Dr, Meadowland Apartments is set within the East Portland submarket of Gresham. The property is 20 minutes from Downtown Portland and less than an hour from Mt. Hood, offering residents access to the regionís largest employers and most sought-after recreational destinations. Gresham features 200 acres of parks, 840 acres of natural areas and eight miles of trails. Additionally, 4.4 msf of retail space is within a three-mile radius, including Gresham Station Shopping Center and Historic Downtown Gresham. Residents also benefit from proximity to Interstate 84, Highway 26 and Interstate 205.

Ira Virden, Carrie Kahn and Frank Solorzano with JLL Capital Markets represented the seller in the deal. JLLís Charles Halladay, Peter Smyslowski, Jonah Aelyon and Elijah Lax originated the 10-year, fixed-rate loan for the buyer through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital LLC, a Freddie Mac Optigo℠ lender.

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