May 03 2016 | DI Wire
Resource Real Estate Opportunity REIT II, Inc., a publicly registered non-traded real estate investment trust, entered into an agreement to purchase a multifamily community in Portland, Oregon for approximately $81.5 million, excluding closing costs. The seller, Holland Breckenridge Apartment Homes LLC, is unaffiliated with the company.
Breckenridge Apartments is a 357-unit multifamily community that sits on approximately 23 acres. The property features an outdoor swimming pool, fitness center, tennis court and detached garages. Unit amenities include washer/dryers, dishwashers, extra outdoor storage, patios and balconies and walk-in closets in select units.
The time (at Blue Vault's 2nd Annual Broker Dealer Educational Summit) proved extremely informative.