by Laura Calugar
Portland, Ore.—Pathfinder Partners LLC, a San Diego-based firm specializing in opportunistic real estate investments, recently sold Calico Townhomes for $4.1 million. Although the name of the buyer was not disclosed, the property was purchased by a Portland-based 1031-exchange client represented by Jack Stephens of HFO Investment Real Estate LLC. Pathfinder was represented by Cody Hagerman, also of HFO.
Located at 531 128th Ave. SE in Portland’s Mill Park neighborhood, Calico was built in 2008 as for-sale townhomes. In 2013, Pathfinder acquired the property that has been operating as a rental community. The three-story asset consists of 15 two-bedroom, three-and-one-half bath units and three three-bedroom, three-and-one-half bath units ranging from 2,000 to 2,450 square feet. Indoor amenities include private balconies, vaulted ceilings, hardwood flooring, granite countertops and stainless steel appliances. Several
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