HILLSBORO, OR-Cortland Village, a 360-unit multifamily community here, has been sold for $28 million. The buyer was an investment group assembled by Portland-based Bean Investment Real Estate. The seller was AmberJack Ltd., a subsidiary of Deerfield, IL-based State Farm Insurance.

Located within the Orenco Station, a 190-acre mixed-use community on Portland’s Westside MAX light rail line, Cortland Village comprises 20 two- and three-story buildings. The average apartment size if 1,080 sf and the average asking rent is $914 per month.

Each apartment unit includes a full-sized washer and dryer, microwave, maple cabinetry, crown molding, 9-ft ceiling, ceiling fans and a roman tub. Select units offer wood burning fireplaces and recessed bookshelves. Communal amenities include a pool, spa, business center, conference room, fitness center, and a community room with a gourmet kitchen.

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