PORTLAND—A private investor has purchased the Village at Main Street, a 464-unit apartment community located in Wilsonville, OR. The sales price was $95 million.
Marathon Management Inc. was the seller of the property. Affinity Property Management will manage the luxury community.
The Village at Main Street is located off Interstate 5, near Wilsonville Road and Town Center Loop West.
The property was built in two phases, in 1998 and 2007. Each phase has 232 apartments with spacious floor plans, a variety of unit types, vaulted ceilings, in-unit washers/dryers, fireplaces, and patios or balconies. The tenants also enjoy an expansive amenity package, including a lounge, theater, business center, and resort-style pool adjacent to the property's leasing center.
According to a recent report on GlobeSt.com, Portland continues to be the leading market in the US for apartment rent growth. To read more on that story and other markets that continue to climb, click here.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
