 |
| Carrie Kahn |
PORTLAND, OR – JLL Capital Markets has closed the $44 million sale of Misty Ridge, a 103-unit, garden-style multi-housing community in Happy Valley, OR in the Portland MSA.
JLL marketed the property
on behalf of the seller, Misty Apartment, LLC, and the developer Gramor Development Inc. DHIJ Management
acquired the property.
 |
| Ira Virden |
“Happy Valley has
experienced 28 percent population growth over the last five years and has
become one of the most desirable investment submarkets in the Portland MSA,”
said Virden.
“Misty Ridge is a truly unique
asset that is next door to a New Seasons, and the community offers protected
sweeping views of the Willamette Valley that makes it extremely difficult to
replicate.”
 |
| Frank Solorzano |
Misty Ridge comprises one-, two- and three-bedroom units averaging 953 square feet.
Units feature full-size washer
and dryers, air conditioning, walk-in closets, stainless steel appliances and
USB outlets.
The community offers a
clubhouse, outdoor kitchen and dining lounge, fire pit, dog park and parcel
lockers.
Located at 12846 SE 157th Ave.,
Misty Ridge is surrounded by a host of expanding healthcare, educational and
manufacturing companies, including Providence Health Willamette Falls Medical
Center.
Misty Ridge apartments,
a 103-unit, garden-style multi-housing
community in Happy Valley, OR
in the Portland MSA.
The property’s location
connects residents to major transportation arterials, granting access to
downtown Portland in 25 minutes via the MAX light rail at Clackamas Town Center
Transit Station.
For more news, videos and research resources on JLL, please visit our newsroom.
Contact:
Cierra
Lacasse
JLL Associate
Public Relations
Phone: +1
602 648 8701
Email: Cierra.Lacasse@am.jll.com
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