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7/17/26
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MG Properties has acquired Tupelo Alley, a 188-unit mixed use apartment community in Portland, OR. Located at 3850 N. Mississippi Ave, in one of Portland's most established northern residential neighborhoods, Tupelo Alley offers residents convenient access to major employment centers, neighborhood retail, dining, parks, and regional transportation.
Built in 2009, the community features thoughtfully designed apartment homes and a set of well-designed amenities for residents to enjoy. Restaurants and other retail are all easily walkable for residents along the Mississippi Avenue retail corridor.
The sellers were represented by Ira Virden, Carrie Kahn, and Owen Wise of JLL. Financing for the transaction was provided by Freddie Mac and arranged by JLL Capital Markets’ Charles Halladay, Rick Salinas, Annie Rice, Brandon Smith, and Charlie Watson.
"Tupelo Alley is an excellent long-term addition to our growing Pacific Northwest portfolio," said Jeff Gleiberman, at MG Properties. "We continue to see compelling opportunities in Portland, a market with the potential for economic growth and demand for quality housing.”
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