San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 145-unit Courtyards at Cedar Hills community in Beaverton. The purchase marks the firm's seventh acquisition in the Portland metro area.
Built in 1969 and 1975, Courtyards at Cedar Hills comprises 145 one-, two-, and three-bedroom units averaging 900 square feet. Community amenities include an indoor pool and Amazon HUB package lockers.
“We are excited about the opportunity to buy in Beaverton and to further expand our presence in the Portland MSA,” said David Nelson, managing director of acquisitions for Hamilton Zanze.
HZ's capital improvements plan includes unit and exterior renovations. Management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.
Courtyards at Cedar Hills is located near Oregon Route 217 and U.S. Route 26 at 13643 SW Electric St., two miles from the Nike world headquarters in the East Beaverton submarket. As of 2020, Nike employed more than 76,000 people worldwide and 12,000 at its Beaverton headquarters. The property also lies 10 miles west of downtown Portland.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
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