Virtú Investments Buys 204-Unit Modera Davis Apartments in Portland’s Pearl District
PORTLAND, ORE. — Virtú Investments has purchased Modera Davis, a newly built, 12-story residential community located at 215 NW 10th St. in Portland’s Pearl District. A joint venture between Mill Creek Residential Trust LLC and its capital partner sold the property for an undisclosed price.
Modera Davis features 204 apartments averaging 658 square feet, 8,307 square feet of ground-floor retail and 136 parking stalls. The units offer private balconies and high-end finishes, including quartz countertops and backsplashes, stainless steel appliances, wine refrigerators, modern slab panel cabinetry, plank flooring, expansive windows and full-size washers and dryers.
Community amenities include a top-floor fitness center; rooftop deck with grilling area and fire pit; sauna with rock salt wall; sensory deprivation chamber; golf simulator; demonstration kitchen; and electric vehicle charging stations.
Ira Virden, Carrie Kahn and Frank Solorzano of JLL Capital Markets represented the seller in the transaction.