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SALEM, ORE. — Brinkman Real Estate has purchased Willow Tree Place Apartments, a multifamily community in Salem, for an undisclosed price. The transaction is Brinkman’s first acquisition in the Oregon multifamily market.
Built in 2021, Willow Tree Place features 96 two- and three-bedroom garden-style apartments with Class A interior finishes.
Brady O’Donnell, Jeff Halsey, Alex Scott and Jill Haug of CBRE Capital Markets’ Debt & Structured Finance group in Denver arranged a bridge loan through Ladder Capital for the buyer. Gabe Johansen of SMI Real Estate represented the undisclosed seller in the deal.