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Fore Property Sells 260-Unit Rivage Apartment Community in Portland, Oregon

Rivage-Portland-OR

Located in Portland, Ore., Rivage features 260 apartments and a rooftop deck overlooking the Willamette River.

PORTLAND, ORE. — Fore Property has completed the disposition of Rivage, a multifamily property located at 2220 NW Front Ave. in Portland. Magnolia Capital acquired the asset for an undisclosed sum.

Rivage features 260 units in a mix of studio, one- and two-bedroom layouts, with a rooftop deck overlooking the Willamette River. At the time of sale, the podium-style property was stabilized. Fore Property, with funds from Carlyle Realty Partners VII and financing from PNC Bank, developed the property in 2017.

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