Beaverton Apartments Sell for $30M

Beaverton apartments sell for $30M

The buyers praised the area's employment and earnings base.

Glencrest Group and Sky Alps Capital Acquire 155-Unit Cedar Square Apartments in Beaverton for $29.85MM

San Francisco-based multifamily investor marks its eighth Portland-area acquisition in a value-add play near Nike and Intel campuses A joint venture between Glencrest Group and Sky Alps Capital has acquired Cedar Square, a 155-unit garden-style apartment community in Beaverton’s Cedar Hills neighborhood, for $29.85 million, or approximately $192,581 per unit, according to industry reports. JLL Capital Markets arranged the sale and acquisition fi…