Glencrest Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Saturday is Cajun day at the commercial kitchen.

PORTLAND, OR - JLL Capital Markets announced today that it has closed the $26.85 million sale and arranged acquisition financing for Meadowland Apartments, a 168-unit, garden-style apartment in Portland, Oregon, which will now be known as Township Eastside. JLL marketed the property on behalf of the seller, NBP Capital. Glencrest Group acquired the asset. Additionally, JLL worked on behalf of the new owner to originate the 10-year, fixed-rate loan through Freddie Mac Multifamily. The loan will...

Purchased for $26.85 million, Township Eastside is a 168-unit garden-style community in the East Portland submarket.

DANVILLE, CA - Opportunity Housing Group (OHG), a Danville CA-based company creating workforce housing for Californians, today announced the $70 million acquisition of the Waterscape Apartments, a 180-unit multifamily property at 3001 North Texas St, in Fairfield, CA, in Solano County. The apartments, previously rented at market rates, will now be preserved for middle-income workers in northern California. All of the units at Waterscape will have rents reduced to be affordable to Low to...

SAN FRANCISCO, CA - CBRE Capital Markets’ Debt & Structured Finance team in San Francisco has arranged a $13.8 million acquisition loan for the purchase of a multifamily community, The Township, in Canby, Ore. Andrew Behrens and Jesse Weber of CBRE arranged the 10-year, fixed rate loan on behalf of the buyer, San Francisco-based multifamily investment firm Glencrest Group. Josh McDonald with CBRE’s Portland office represented the seller. Located at 700 SE 5th Avenue, The Township is made up of 92 total units across 13 buildings and was 98 percent leased at the time of sale. The unit mix i...