CONAM Buys 170-Unit Portland Property for $34M

CONAM Strategic Investments Fund IV LP, a discretionary fund sponsored by The CONAM Group, has purchased the Skylar Grand, a 170-unit Class A multi-family community with 5,698 square feet of retail space in Portland, Oregon.

This property adds to CONAM’s portfolio within Portland and is the first deal in Fund IV, which CONAM plans to continue to grow the portfolio nationally. “We are pleased with the acquisition of Skylar Grand as the first deal in our Fund IV, it compliments our portfolio well as we own two assets within one mile of Skylar Grand,” said Robin Elihu, CONAM’s Western U.S. Acquisitions Director.

Located within one of Inner Eastside’s newest neighborhoods, Burnside Bridgehead, Skylar Grand is directly on the Portland Streetcar A and B loops. The asset is minutes away from the Moda Center, home to the Portland Trailblazers and just three blocks away from the Willamette River and Eastbank Esplanade pedestrian and bicycle trail that offers quick entry to the loop connecting to Willamette Greenway.

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