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Resource Real Estate Opportunity REIT II to Buy Portland Multifamily Property for $81.5 Million

May 6, 2016

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.

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Gil Armour, CFP
February 3, 2016

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.