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.