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LEED Platinum Student-Oriented MF Sold in Eugene, OR
Chase Crossing, a 179-unit, LEED Platinum-certified, student-oriented community located near the University of Oregon in Eugene, OR has traded hands. Seattle-based Horizon Realty Advisors purchased the asset from Chase Crossing LLC for an undisclosed price.
Built in 2012, Chase Crossing is comprised of studio and one-bedroom units and provides residents with new finishes and modern amenities. Located in the “arena district” in Eugene and on the University’s bus route, the property is an appealing option for both student and conventional renters.
CBRE’s Phil Oester, Joe Nydahl and Josh McDonald represented the seller in the transaction. The buyer was self-represented.
CBRE’s Benjamin Roelke arranged the $19.1 million long-term financing on behalf of the buyer for its HRA Opportunity Fund. The 10-year, fixed rate loan, provided by CBRE through Freddie Mac, featured an index rate lock at loan application and five years of interest-only payments.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

