BEHRINGER HARVARD ACQUIRES 352-UNIT RESIDENTIAL TOWER

by admin

PORTLAND, ORE. — Behringer Harvard has acquired Cyan/PDX (Cyan), a 16-story, 352-unit residential tower located at 1720 SW 4th Ave. in Portland’s central business district. The purchase was made through a joint venture between Behringer Harvard Multifamily REIT I Inc. and PGGM Private Real Estate Fund. Built in 2009 to achieve LEED certification, Cyan offers one-, two- and three-bedroom apartment homes averaging 636 square feet and includes 5,700 square feet of on-site retail space.

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