REBusinessOnline

Non-Traded REIT Acquires 286-Unit Seniors Housing Community in Portland for $92M

PORTLAND, ORE. — Strategic Student & Senior Housing Trust Inc. (SSSHT) has acquired Courtyard at Mt. Tabor, a seniors housing community in Portland, for $92 million. The property offers 286 units of independent living, assisted living and memory care. The new owners will execute an existing plan to add 23 additional memory care units, with groundbreaking scheduled for fall 2018. The buyer is a non-traded REIT sponsored by SmartStop Asset Management. Located on 7.1 acres in the …

Compass Commercial Negotiates $1.4M Sale of Apartment Building in Prineville, Oregon

PRINEVILLE, ORE. — Compass Commercial Real Estate Services has brokered the sale of Rio Vista Apartments, a multifamily property located at 940 NW Second St. in Prineville. Steven and Maria Whitrock acquired the 19,296-square-foot property from an undisclosed seller for $1.4 million. Terry O'Neil and Gardner Williams of Compass Commercial Real Estate Services represented the buyers in the

JCH Negotiates $16.5M Sale of 152-Unit Seniors Housing Portfolio in Pacific Northwest

WASHINGTON AND OREGON — JCH Senior Housing Investment Brokerage has arranged the sale of four assisted living and memory care communities in Washington and Oregon. The existing operator matched the top offer of $16.5 million for the properties and will now take over ownership from the industry veterans selling the communities. The portfolio totals 152 units. The specific names and locations of the assets were not disclosed. Jim Hazzard and Nick Stahler were the lead advisors on the …

Waterton Sells 202-Unit Apartment Community in Portland for $66M

PORTLAND, ORE. — Waterton has completed the sale of Axcess 15, an apartment property located at 1500 NE 15th Ave. in the Lloyd District of Portland. MG Properties Group acquired the property for $66 million. Ira Virden and Carrie Kahn of HFF represented the seller in the deal. Charles Halladay, Scott Gilson and Rick Salinas, also of HFF, arranged financing through Freddie Mac's CME Program for the buyer. The four- and five-story property features 202 units in a mix of one- and …

Greystar Acquires Mixed-Use Property in Portland’s West End

PORTLAND, ORE. — Greystar Real Estate Partners, on behalf of its real estate funds, has purchased Indigo at Twelve West, a mixed-use property located at 430 SW 13th Ave. in Portland. The price was not disclosed Situated in the city's West End submarket, the property features 273 residential apartments, 86,000 square feet of creative office space and a 10,000-square-foot retail component. The office and retail components are fully leased. Completed to LEED Platinum standards in 2009, the …

Trion Properties Purchases Multifamily Community Near Portland for $10.5M

ALOHA, ORE. — Trion Properties has acquired Springbrook Gardens, a multifamily property located at 6300 SW 188th Court in Aloha, a suburb of Portland. A private seller sold the property for $10.5 million in an off-market transaction. Built in 1971, the property features 84 apartments in a mix of one- and two-bedroom floorplans spread across 21 four-plex buildings. Trion Properties plans to complete strategic value-add renovations to the asset, including upgrades to kitchen cabinetry and …

Ederer Properties II Sells 77,960 SF Warehouse in Portland for $8M

PORTLAND, ORE. — Ederer Properties II has completed the sale of a warehouse property located at 5825 NE Skyport Way in Portland. Adler Realty Investments acquired the single-tenant asset for $8 million. Situated on 6.2 acres, the 77,960-square-foot warehouse includes 7,000 square feet of office space. At the time of sale, the property was fully occupied. Scott Murphy, Zach Francis and Karla Hansen of Kidder Mathews represented both parties in the

Compass Commercial Arranges Sale of Office Building in Bend, Oregon

BEND, ORE. — Compass Commercial has brokered the sale of an office building located on 0.4 acres at 40 NW Greenwood Ave. in Bend. Howard Friedman, Jay Lyons and Grant Schultz of Compass Commercial Real Estate Services represented the undisclosed buyer and undisclosed seller in deal. The transaction was valued at $1.6

NKF Capital Markets Arranges $75.5M Refinancing for Multifamily Complex in Portland

PORTLAND, ORE. — NKF Capital Markets has arranged a $75.5 million loan to refinance The Douglas, a multifamily property located at 2083 SW River Drive along the Willamette River in Portland. ACORE Capital provided the financing for the borrowers, NBP Capital and Berggruen Holdings. Jordan Roeschlaub, Dustin Stolly, Chris Kramer and Nick Scribani of NKF Capital Markets arranged the financing. The property features 290 apartment units and 17,000 square feet of retail space, occupied by a …

Security Properties Buys 228-Unit Multifamily Community in Oregon for $45.5M

BEND, ORE. — Security Properties and a university endowment have purchased Seasons at Farmington, a multifamily community located in Bend's Old Farm District. An undisclosed seller sold the property for $45.5 million. The property features 228 apartments in a mix of one- and two-bedroom layouts, swimming pool, clubhouse with lounging areas and a fitness center, dog park, and outdoor fire pit. This transaction is Security Properties' first acquisition in Bend. Security Properties …

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