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Marcus & Millichap Brokers $19.2M Sale of Seven-Property Apartment Portfolio in Portland

Amber-Court-Portland-OR

Amber Court was sold as part of a seven-property multifamily portfolio in Portland.

PORTLAND, ORE. — Marcus & Millichap has arranged the sale of the Ashley Portfolio, a seven-property multifamily portfolio in Portland. An undisclosed buyer acquired the assets for $19.2 million.

Built between 1904 and 1943, the portfolio includes six properties located in Northwest Portland and one in Northeast Portland. The properties range from a 39-unit building sold for $7 million to a five-unit building sold for $1 million.

Whitney Rhoades, Elizabeth Davis and Danalee Corso of Marcus & Millichap’s Portland office represented the undisclosed seller.

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