Largest Apartment Transaction to Date in Portland’s Urban Core Closed by Marcus & Millichap’s IPA Division for $126 …

PORTLAND, Ore.–(BUSINESS WIRE)–Marcus Millichap (NYSE:MMI) today announced its Institutional Property
Advisors (IPA) division has closed the sale of the iconic 21-story,
284-unit Yard apartment tower in Portland, Oregon. The development of
this asset was completed in August 2016, sold pre-stabilization with 50
percent of the apartments leased, and is the largest multifamily sale to
date in Portland’s urban core.

“This is a pivotal transaction in Portland, firmly establishing the
emerging Central Eastside neighborhood as not only a desirable place
live, but the next place for institutional and international buyers to

... read more at: