CBRE Facilitates Sale of 228-Unit Bend MF Community
CBRE facilitated the sale of the Seasons at Farmington Reserve, a 228-unit multifamily community in Bend, Oregon, to ColRich. CBRE’s Josh McDonald, Joe Nydahl, and Phil Oester represented the seller, Seattle-based Security Properties.
Located at 61560 Aaron Way, the garden-style community was built in 2017 and spans nine, three-story residential buildings and a clubhouse. It comprises one- and two-bedroom floorplans averaging 916 square feet.
“More and more remote workers have decided to call Bend home because of its relatively low cost of living, reputation as an outdoor recreation mecca, and status as an economic hub east of the Cascades,” said CBRE’s McDonald. “This in-migration has increased Bend’s population base and improved incomes, driving demand for high-quality rental housing.”
Situated on a 7.05-acre site, the community is just south of Reed Market Road and five minutes east of Highway 97. It’s also within a short drive to retail centers, entertainment venues and recreation areas.
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.