Portland, OR

The developer has secured $42 million to fund the construction of a 141-unit apartment community in Camas, Washington.

Online real estate syndication has been around for a few years, but the events of 2020 propelled it even further as sponsors looked for new sources of efficient, accessible, and unlimited capital.

The deal shows ample investor appetite for well-located, suburban assets with a value-add component.

An affiliate of the Green Cities Co. purchased the 295-unit property as a stable investment opportunity given its proven track record and potential value-add opportunities, says a source involved in the deal.

As one of only a handful of Internet Exchanges in the country, the Pittock Block benefits from a regional locational advantage as well as the fact that 16 individual fiber carriers service the building.

The Oregon Department of State Lands, on behalf of the Common School Fund, sold the acreage to Lands Bend Corp, which is processing a master plan consistent with the City of Bend Comprehensive Plan.

Trion Properties and AMC Investments recently acquired Hood Apartments, a 64-unit multifamily property in Gresham, bringing Trion's regional holdings to eight properties totaling 675 units.

Hawthorne Hydroponics signed a long-term lease for a 378,000-square-foot class-A industrial building at the newly developed Blue Lake Corporate Park in the largest industrial lease year-to-date.