Last year was overall a solid one for Portland's multifamily sector as multiple categories saw improvements, the latest market report from Colliers shows.
Particularly, transactions soared to 56 in the fourth quarter, up 116 percent year-over-year and 92 percent from the previous three-month period. Additionally, that figure is 16 percent above the half-decade average. Sales volume hit $645 million in the fourth quarter.
MG Properties led the way with the biggest purchase, acquiring a 350-unit property in Aloha/West Beaverton for $91.1 million. Security Properties, Inc. and BRIDGE Housing Corp were the second and third largest, with $78 million and $64.6 million purchases, respectively — both in the Northwest submarket.
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