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Marcus & Millichap Brokers Eugene Student Housing Sale

Marcus & Millichap Brokers Eugene Student Housing Sale

Real estate brokerage firm Marcus & Millichap has arranged the sale of Ducks Village, a 230-unit, 650-bed University of Oregon student housing asset in Eugene, OR. The firm represented the seller, a limited liability company in the transaction for an undisclosed price. 

“This is a well-timed investment as the University of Oregon welcomed its largest-ever freshman class in 2021,” said Marcus & Millichap’s Joel Dumes, who along with Patrick Mullowney also procured the unnamed buyer. 

“The purchase gives our buyer the opportunity to continue the interior unit renovation and take advantage of the property’s upside potential,” added Mullowney. “Additionally, apartment rents in Eugene have increased by over 56% in the past decade and seen 9.6% rent growth year-over-year.”

Ducks Village is a 22-building complex located adjacent to U of O. Community amenities include a recently renovated clubhouse, resort-style swimming pool, fire pits, fitness center, basketball courts and tanning booth. 


Inside The Story

Marcus & Millichap's Joel DumesMarcus & Millichap's Patrick MullowneyDucks Village

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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