Seattle & Northwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Hamilton Zanze Seizes Opportunity for New Asset in Top Submarket
San Francisco-based real estate firm Hamilton Zanze recently acquired the 175-unit ArLo Apartments community in Portland, OR. The purchase marks the firm’s sixth acquisition in the Portland market.
“ArLo provided an excellent opportunity to buy a brand-new property in a great submarket from a great developer,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “We believe the property’s contemporary vintage, amenity package and prime location in the inner East Side will provide our residents with the quality of life desired in Portland’s urban core.”
The community is located at 6015 N. Interstate Ave. in the Northwest Portland submarket, approximately 10 minutes from downtown Portland. The 2019-constructed community is near Interstate 5 and North Interstate Avenue, providing access to Vancouver, WA, Portland International Airport and major regional employers.
ArLo was 99 percent occupied at purchase. The 175 units range from 367 to 1,100 square feet with 11 different floor plans.
For comments, questions or concerns, please contact Lisa Brown
- ◦Sale/Acquisition
