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| Modera Davis Apartments, 204 units at 215 NW 10th Street within the affluent Pearl District, Portland, OR |
PORTLAND, OR – JLL
Capital Markets announced it has completed the sale of Modera Davis,
a 204-unit, luxury high-end residential community located in Portland, Oregon’s
Pearl District.
JLL marketed the property exclusively on behalf of the seller, a
joint venture between Mill Creek Residential Trust LLC and their capital
partner. Virtú Investments, purchased the asset free and clear of
existing financing.
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| Carrie Kahn |
Modera Davis is located at 215 NW 10th Street
within the affluent Pearl District, and was sold prior to receiving a temporary
certificate of occupancy.
The newly built, 12-story property features
units averaging 658 square feet, 8,307 square feet of retail and 136 parking
stalls.
The property boasts a Walk Score® of 100 and
Transit Score® of 95 due to its location adjacent to some of the city’s most
iconic restaurants, retailers and entertainment venues.
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| Ira Virden |
Apartments feature spacious floor plans with private balconies and
high-end finishes, including quartz countertops and backsplashes, stainless
steel appliances, wine refrigerators, modern slab panel cabinetry, plank
flooring, expansive windows and full-size washers and dryers.
Community amenities feature a top-floor fitness
center, rooftop deck with grilling area and fire pit, sauna with rock salt
wall, sensory deprivation float spa chamber, golf simulator, demonstration
kitchen and electric vehicle charging stations.
The JLL Capital Markets investment advisory team representing the
seller was led by Senior Managing Director Ira Virden, an
Oregon-licensed real estate salesperson, Senior Director Carrie Kahn and
Associate Frank Solorzano.
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| 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
advisory, debt placement, equity placement or a recapitalization.
The firm has more than 3,700 Capital Markets specialists
worldwide with offices in nearly 50 countries.
For more news, videos and research resources on JLL, please visit
the firm’s U.S. media center Web page: U.S. newsroom.
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Contact:
Kristen
Murphy
JLL Senior Manager
Public
Relations
Phone: +1 617 848 1572
Email: Kristen.Murphy@am.jll.com
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