JLL Capital Markets Group Closes $26.85 Million Sale of 168-Unit Meadowland Garden-Style Apartment Community in Portland
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...
Source: multifamilybiz.com
