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HZ News Latest Apartment Sale Shows Continued Strength in Big Portland Submarket

December 15, 2016

Latest Apartment Sale Shows Continued Strength in Big Portland Submarket

 

It’s not just Portland that’s been enjoying a strong multifamily market these past few years.

The Rose City’s neighbor to the north, Vancouver, has seen some new heat as well, with rents rising and interest from outside investors bubbling up.

One of the latest signs of Vancouver’s growing popularity — the $37 million sale of Rock Creek Commons, a 240-unit complex at 11800 N.E. 124th Ave. earlier this fall. The complex went to Hamilton Zanze, a California real estate investment firm that has had a busy year of buying and selling properties, including a complex it bought in Eugene for $31 million in September.

Read more at the Portland Business Journal