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Oregon

Cedarbrook-Senior-Living-Tigard-OR
LoansMultifamilyOregonSeniors HousingWestern

PLG Provides $25.6M C-PACE Financing for Seniors Housing Development in Oregon

by Amy Works

TIGARD, ORE. — PACE Loan Group (PLG) has provided $25.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for a seniors housing development currently underway in Tigard, roughly 10 miles outside downtown Portland. Mosaic is the developer and borrower.  Construction on the community, Cedarbrook Senior Living, began this year. Upon completion, which is scheduled for early 2028, the development will feature one four-story building with 107 assisted living units and 64 memory care beds.  PLG worked with Countryman Capital Partners to orchestrate the development’s capital stack. Financing for the project also includes a $41.6 million construction loan and mini-perm mortgage provided by Columbia Credit Union.  STEELE Associates Architects is the architect for Cedarbrook Senior Living, and Mosaic Construction is serving as the general contractor. Mosaic Management will operate the property upon opening. 

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The-Springs-at-Sunnyside-Portland-OR
AcquisitionsLoansMultifamilyOregonSeniors HousingWestern

JLL Arranges Sale, Financing of 87-Unit Seniors Housing Community in Portland

by Amy Works

PORTLAND, ORE. — JLL Capital Markets has completed the sale and financing of Morningstar at Happy Valley, an assisted living and memory care property in Portland. Confluent Development sold the property to Harrison Street, in partnership with The Springs Living, for an undisclosed price. The buyer will rebrand the 87-unit property as The Springs at Sunnyside. The Springs Living will operate the asset. Jay Wagner, Rick Swartz, Aaron Rosenzweig, Dan Baker, Jim Dooley and Dean Ferris of JLL represented the seller. Alanna Ellis of JLL led the financing efforts on behalf of the buyer. JLL secured a five-year acquisition loan with Huntington National Bank for Harrison Street. Built in 2019, The Springs at Sunnyside offers 61 assisted living units across a mix of studios, one- and two-bedroom units in addition to 26 private memory care units. The three-story building features all-day restaurant-style dining, a 24-hour bistro, chapel, theater, library, general store, massage room, outdoor courtyards, barbecue and fire pits, beauty salon, fitness room and raised garden beds. Onsite services include wellness programs and activities, a full-time licensed nurse, 24-hour care staff and scheduled transportation.

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The-Citizen-Apts-Salem-OR
DevelopmentLoansMultifamilyOregonWestern

Ethos Commercial Advisors Secures Construction Financing for 105-Unit Multifamily Property in Salem, Oregon

by Amy Works

SALEM, ORE. — Ethos Commercial Advisors has secured construction financing for The Citizen, an apartment community in Salem. Daniel Natsch and Matthew Illias of Ethos Commercial Advisors originated the $22 million, 36-month construction loan at an 82 percent loan-to-cost ratio for Deacon Development. Located downtown and spanning 64,397 square feet of gross building area, The Citizen will offer 105 apartments. Construction began recently with completion slated for spring 2027.

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Chapter-Alder-Eugene-OR
DevelopmentMultifamilyOregonStudent HousingWestern

CRG, Kenter Capital Break Ground on 491-Bed Chapter Alder Student Housing Community Near University of Oregon

by Amy Works

EUGENE, ORE. — CRG and Kenter Capital have broken ground on Chapter Alder, a 15-story student housing property adjacent to the University of Oregon in Eugene. Located at the intersection of 13th Avenue and Alder Street, Chapter Alder will offer 491 beds in 133 fully furnished units in a mix of studio, one-, two-, four- and five-bedroom floor plans. Each residence will feature tech-forward finishes, stainless steel appliances, in-unit laundry and high-speed internet. Slated for delivery ahead of the fall 2027 academic term, the property will feature private and group study spaces, a fitness center, multiple outdoor social areas and a rooftop terrace with a hot tub and cold plunge, as well as an elevated outdoor patio with fire pits and grilling stations. Additionally, the property will offer secure parking, ample bike storage and 2,000 square feet of first-floor retail space. LJC, a subsidiary of CRG’s parent company, Clayco, designed the property.

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East-Wind-Gresham-OR
AcquisitionsMultifamilyOregonWestern

IPA Brokers Sale of 150-Unit East Wind Multifamily Community in Gresham, Oregon

by Amy Works

GRESHAM, ORE. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of East Wind, an apartment community in Gresham. Terms of the transaction were not released. Hamid Panahi and Anthony Palladino of IPA and Whitney Rhoades of Marcus & Millichap represented the seller and procured the buyer in the deal. David Tabata of Marcus & Millichap served as broker of record in Oregon. Built in 1971, the three-story, eight-building property features 150 one-, two- and three-bedroom apartments with enclosed patios with planters boxes and large, dual-pane windows. Community amenities include a clubhouse with kitchen, individual leasing offices, a basketball court, playground and laundry facilities.

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LoansMultifamilyOregonWestern

Gantry Secures $17.5M Refinancing for Multifamily Property in Portland

by Amy Works

PORTLAND, ORE. — Gantry has secured a $17.5 million permanent loan to refinance maturing debt for an apartment community in southwest Portland. The three-story, garden-style community offers 178 one-, two- and three-bedroom floor plans. Apartments include in-unit washers/dryers, gas fireplaces and patios/balconies with carports and/or garages. Community amenities include a clubhouse, pool, spa and fitness center. Blake Hering, Kristin Lapinskas and Abi Hunter of Gantry represented the borrower, a private family office. The 10-year, nonrecourse permanent loan was secured through a life company lender from Gantry’s exclusive correspondent network and features a 25-year amortization at a fixed rate for a legacy hold. Gantry will service the loan.

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60-SE-10th-Ave-Portland-OR
AcquisitionsMultifamilyOregonWestern

NSW Corp. Buys Lower Burnside Lofts in Portland, Oregon for $14M

by Amy Works

PORTLAND, ORE. — NSW Corp. has acquired Lower Burnside Lofts, a multifamily property at 60 S.E. 10th Ave. in Portland, from Berkshire Residential Investments for $14 million. Situated in Southeast Portland’s Buckman neighborhood, Lower Burnside Lofts offers 63 apartments and a blend of modern amenities and eco-friendly design. Josh McDonald, Joe Nydahl and Matt Dodd of CBRE represented the buyer and seller in the deal.

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14801-Kruse-Oaks-Dr-Lake-Oswego-OR
AcquisitionsOregonRestaurantRetailWestern

SRS Real Estate Brokers $6.6M Sale of Chick-fil-A Ground Lease in Lake Oswego, Oregon

by Amy Works

LAKE OSWEGO, ORE. — SRS Real Estate Partners has arranged the $6.6 million ground lease sale of a restaurant property located at 14801 Kruse Oaks Drive in Lake Oswego. Chick-fil-A occupies the 8,400-square-foot asset, which was renovated in 2025, under a brand new, 15-year corporate-guaranteed lease. Calvin Short and Patrick Luther of SRS Capital Markets represented the seller, a San Francisco-based family office, while Kevin Held of SRS Capital Markets represented the buyer, an Idaho-based private investor, in the 1031 exchange deal.

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LogistiCenter-Clackamas-OR
AcquisitionsDevelopmentIndustrialOregonWestern

Dermody to Develop 248,532 SF LogistiCenter at Clackamas in Oregon

by Amy Works

CLACKAMAS, ORE. — Dermody has announced the purchase and development of LogistiCenter at Clackamas, the first industrial project totaling more than 100,000 square feet to be constructed in Clackamas in the past five years. Slated for completion by the end of 2026, LogistiCenter at Clackamas will offer 248,532 square feet of Class A industrial space that can be divided into smaller units to accommodate multiple customers. The asset will feature a clear height of 36 feet, 52-foot by 50-foot column spacing, LED lights, full circulation and ample trailer parking. As a standalone building, the property can also be fully fenced. Scott Murphy, Tom Talbot and John Hallman of Kidder Mathews are handling leasing.

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3141-Alameda-St-Medford-OR.jpg
AcquisitionsMultifamilyOregonWestern

Fourth Avenue Capital Buys Ridgewood Apartments in Medford, Oregon for $22.1M

by Amy Works

MEDFORD, ORE. — Fourth Avenue Capital has acquired Ridgewood Apartments, a multifamily property located at 3141 Alameda St. in Medford, from Investors Capital Group for $22.1 million. Situated on 3.9 acres, the community features 96 two- and three-bedroom apartments spread across 13 residential buildings with a clubhouse, fitness center, an outdoor pool and private garages, as well as a standalone leasing office. The property was built in two phases between 2002 and 2004. Josh McDonald and Joe Nydahl of CBRE represented the seller and buyer in the transaction.

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