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Autumn Grove

Autumn Grove Buy is Calida Group’s First in Portland MSA

Autumn Grove, a 148-unit multifamily asset in Vancouver, WA, was completed in three phases. After receiving its certificate of occupancy in the spring, the property performed well throughout the initial lease-up phase.

At 86 percent leased at the time of closing, Autumn Grove recently sold to The Calida Group for an undisclosed price, according to Institutional Property Advisors (IPA), a division of Marcus & Millichap. Anthony Palladino, along with IPA’s Giovanni Napoli, Philip Assouad, Ryan Dinius and Sidney Warsinske represented the buyer. 

“This investment by The Calida Group marks the Las Vegas-based company’s first acquisition in the Portland MSA,” said Palladino. “The sale is representative of the influx of new capital migrating to Vancouver and other multifamily markets throughout the Pacific Northwest in the post-pandemic environment. The trend of investing in newly built assets in the Portland MSA is a factor of relative cost versus new construction, which is expected to continue as material and labor expenses increase.”

Autumn Grove is adjacent to Vancouver Mall, accessible from interstates 205 and 5.


Inside The Story

Anthony Palladino

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition
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