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Prometheus Buys $51M Lake Oswego Asset

PORTLAND, OR-The San Francisco-based firm expands its Pacific Northwest portfolio with the addition of One Jefferson Parkway Apartments here.

By Natalie Dolce | Updated on June 10, 2011

PORTLAND, OR-San Francisco-based multifamily owner Prometheus Real Estate Group Inc. continues to expand its Pacific Northwest portfolio. The latest part of that expansion is the $51.2-million purchase of One Jefferson Parkway.

Jones Lang LaSalle facilitated the transaction from a joint-venture partnership of Glendale, CA-based American Realty Advisors and Fowler Property Acquisitions. The community consists of two-and three-story apartment buildings, a renovated clubhouse/leasing center, indoor swimming pool and spa, and a fully-equipped fitness center.

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