Jones Lang LaSalle Inc.

10/13/2021 | Press release | Distributed by Public on 10/13/2021 11:41

Multi-housing community trades for $30.25M in Portland area

PORTLAND, ORE. - Oct. 13, 2021 -JLL Capital Markets announced today that it has closed the $30.25 million sale of Hidden Village, a 98-unit, garden-style multi-housing community in West Linn, Oregon.

JLL marketed the property on behalf of the seller, Guardian Real Estate Services LLC. FPA Multifamily acquired the property.

Hidden Village comprises one- and two-bedroom flats and two-bedroom townhomes averaging 848 square feet. Units feature stainless steel appliances, fireplaces, upgraded LED lighting, balcony/patio with storage and vaulted ceilings. The community offers a clubhouse, pool, spa, fitness center, covered parking and detached garages.

Situated at 40010 Robin Pl., Hidden Village is surrounded by a host of expanding manufacturing, educational and healthcare companies, including Clackamas Community College, PCC and Blount. The property's location connects residents to major transportation arterials granting access to downtown Portland in 25 minutes. Residents have access to 4.8 million square feet of retail within a three-mile radius of the property, such as Cascade Summit Town Square, Oregon City Shopping Center and downtown Lake Oswego.

The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Senior Managing Director Ira Virden, Senior Director Carrie Kahn and Associate Frank Solorzano.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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