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10/25/23
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Green Leaf Capital Partners has acquired The Perch PDX, a 141-unit, newly constructed, luxury, transit-oriented multi-housing community located in the highly sought-after Overlook neighborhood of North Portland, OR. It was sold by Fairfield.
Built in 2020, The Perch PDX features studio, one- and two-bedroom units, averaging 648 sf in size. Units feature stainless steel appliances, modern cabinetry, quartz countertops, vinyl plank flooring and full-size washers and dryers. Community amenities include 7th and 3rd floor terraces, a game room, a fitness center, co-working spaces, secured access garage parking, dog washing station and more.
The Perch PDX is located at 5325 N. Interstate Ave, within a highly walkable, mixed-use lifestyle and leisure activity hub. The property is ideally situated within walking distance to a MAX Light Rail line as well as the abundance of shops, dining, music venues and more within the North Mississippi and North Interstate Avenue retail corridors.
Residents also have convenient access to Interstate-5, Interstate 405 and Interstate 84, as well as the retail on North Williams Avenue, North Vancouver Avenue and Northeast Alberta Street. Nearby top employers include the Adidas’ North American Headquarters, Daimler North American HQ, Genetech, Kaiser Permanente, Legacy Health and Prologis Meadows. Additionally, parks and entertainment within close distance of the community include Patton Square City Park, Mock’s Crest, Overlook Park, Moda Center and Oregon Convention Center.
Ira Virden, Carrie Kahn and Frank Solorzano with JLL Capital Markets represented the seller and procured the buyer in the transaction. The price was not disclosed.
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