OPC, in a partnership with a local developer/operator, acquired a half city block in Portland, OR. The Property is zoned for high density residential use and is well located, adjacent to a Max Light Rail Line station and Providence Park. It is also walking distance to the Pearl District and downtown Portland. The JV arranged a highly accretive 80% LTC 10 year loan via a bond financing for the construction to permanent financing of the project. The JV obtained Design Review Approval from the city of Portland in less than 12 months. Construction was completed in the second quarter of 2018.

  • Portland is a top multifamily and employment growth market

  • Technology and Millennial Driven City

  • Submarket is adjacent to Pearl District and Downtown

  • Less than 2 blocks away from MAC Club, Providence Park & Light Rail

  • Asset Type:

  • Location:

  • Size / Occ:

  • Year Built:

  • Demos (Portland): 

Class A Mid-Rise Multifamily 

Portland (Goose Hollow submarket), OR 

121 units / NA

2018

584K population, $69K HH income 

Obtained design review approval and arranged Construction to Permanent Financing 

Complete Development / Lease-Up / Long Term Hold

OAK PASS CAPITAL MANAGEMENT

100 Wilshire Blvd., Suite 1845 I Santa Monica, CA 90401

Phone: 310.728.1200 I Fax: 310.300.1515

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