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Seattle & Northwest  + Portland  + Apartments  |  July 19, 2023
Jasmine Kilman
By: Jasmine Kilman

Waterton Re-Enters Portland Market, Acquires 177-Unit MF

Waterton, a national real estate investor and operator, has acquired The Parker, a 177-unit apartment community located at 1447 NW 12th Avenue in Portland, Oregon.

Conveniently located in the heart of the Pearl District, the six-story midrise building, is positioned just one mile north of Downtown Portland and adjacent to the lively Slabtown submarket.

“We are thrilled to expand our portfolio into the Portland market with the acquisition of The Parker,” said Kevin Ibasco, vice president of acquisitions at Waterton. “This prime location in the heart of the Pearl District is well-aligned with our investment strategy and we are excited to leverage our experience to contribute to the continued growth of the Portland community.”

The Parker community offers a mix of one- and two-bedroom apartment homes with a suite of amenities. Waterton plans to implement a light value-add program throughout the rental homes and common areas.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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