Seattle & Northwest + Portland + Apartments | March 15, 2021

Transit-Oriented Multifamily Provides Buyer Value-Add

Harbour Court, a 99-unit apartment community in Portland, recently sold to a joint venture between Mountain Capital Partners (MCP) and New Earth Equities (NEE). MCP partnered with NEE as the LP and was instrumental in the closing and securing financing. The price was undisclosed.

With a transit-oriented location, the property offers a value-add opportunity for the buyer. Harbour Court is located at 910 N. Harbour Dr., centrally located in Portland’s Bridgeton neighborhood near downtown Portland and Vancouver’s employment and recreation centers. The property is served by Portland’s MAX light rail service, TriMet bus lines and Interstate 5.

Originally built in 1999, Harbour Court offers 9-foot ceilings and community amenities that include an indoor pool and spa, fitness center and generous parking.

JLL represented the seller, Harbour Court Owner LLC, an affiliate of the ConAm Group, in completing the sale to the buyer. The JLL team was led by Ira Virden, Carrie Kahn and Frank Solorzano.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.