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Portland-Area Transit-Oriented MF Trades for $58M
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HFO Investment Real Estate completed the sale of Latitude Apartments, a 210-unit, gated apartment community in Portland, OR’s Happy Valley for $58 million. The seller was Bay Area-based investment firm, The Reliant Group, and the buyer was Beverly Hills, CA-based investment company, Kennedy Wilson.
Built in two phases between 2008 and 2014, the sale represents the second largest apartment transaction for Clackamas County this calendar year. The transit-oriented asset consists of 33 three-story apartment buildings and one clubhouse, on 6.89 acres across from Clackamas Town Center.
“Happy Valley is an affluent, educated area with high employment in healthcare, professional services and retail,” said HFO’s Cody Hagerman. “Latitude Apartments is a great example of well-constructed condo-quality housing that is in exceptionally high demand.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


