PCCP, Guardian Real Estate Purchase 16-Story High-Rise Apartment Complex in Portland, OR from JPMorgan Asset Management

10/2/2024

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REBusinessOnline

• Subcategory: MF: Market Rate

• Tag: JV-Partnership | Sale

• Additional Filters-Subcategory: MF: Highrise

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: PCCP LLC

A joint venture between PCCP and Guardian Real Estate Services has acquired The Louisa, a 16-story multifamily property at 123 NW 12th Ave. in Portland’s Pearl District. Terms of the transaction were not released. Built in 2005, The Louisa offers 242 apartments, 29,295 square feet of ground-floor retail space and shared ownership of the Brewery Blocks parking garages.