Next Wave Investors Sells 74-Unit River Lofts in Oregon to FPA Multifamily

Institutional Property Advisors Closes Multifamily Asset Sale of River Lofts in Suburban Portland Oregon

Institutional Property Advisors (IPA), a division of Marcus & Millichap, dedicated to serving the company’s institutional clients, announced the sale of River Lofts, a 74-unit apartment property in Tualatin, Oregon. “The surrounding area boasts one of the highest-earning demographic profiles in the Portland MSA, as evidenced by average annual household income within a three-mile radius […] The post Institutional Property Advisors Closes Multifam…

Next Wave Investors Sells 74-Unit River Lofts in Oregon to FPA Multifamily

TUALATIN, ORE. — Next Wave Investors has completed the disposition of River Lofts, an apartment property in Tualatin, to FPA Multifamily for $15.8 million, or $214,189 per unit. Located on the banks of the Tualatin River, 12 miles from Portland, River Lofts offers 74 apartments. Built in 1974, the asset has undergone interior and exterior upgrades. Anthony Palladino, Philip Assouad, Giovanni Napoli, Nick Ruggiero and Ryan Harmon of Institutional…