Levin Johnston Expands Northwest Reach

 

 Adam Levin

PORTLAND, OR – Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has announced the sale of a two-property multifamily portfolio that represents an expansion of the firm’s services into the Portland, Oregon market.

The portfolio disposition comprises a total of 35 units across Northern California and Portland, culminating with the sale of Provi Apartments in the prime Laurelhurst neighborhood of Portland.

“This sale represents a trend of California capital seeking and finding strong yields in more up-and-coming markets like Portland,” says Adam Levin, Executive Managing Director of Levin Johnston.

SOLD: Provi Apartments 
in the prime Laurelhurst
neighborhood of Portland, OR

“Total employment rates in the Portland Metro Area are expected to rise by 6.7% by the end of 2021, bouncing back from a decrease in 2020.

 "Drawing on this rapid regional growth and the property’s irreplaceable location in one of the most sought-after neighborhoods in Portland, our team was successful in securing premium pricing for this well-appointed asset.”

 For more information about Levin Johnston’s $100 million in available properties, please visit www.levinjohnston.com.

Contacts:

 

Arleeny Escarcega / Jenn Quader

Brower Group

(949) 438-6262

aescarcega@brower-group.com