Virtú Investments acquires 131-unit, Kearney Plaza, in Portland for $33M ($251,908/unit); 10% lower than Seller’s purchase price in 2011

  • 5/3/2024

|

GlobeNewswire
• Subcategory:
• Tag:
• Additional Filters-Tags:

Virtú Investments, a multifamily real estate investment firm primarily engaged in the acquisition and management of apartment properties in the western United States, announces the acquisition of Kearney Plaza, a 131-unit market rate multifamily property in the Pearl District of Portland, Oregon. The purchase price was approximately $33M, representing a discount of approximately 50% to today’s estimated replacement cost, and a 10% discount to the seller’s purchase price in 2011

Virtú Investments
Evan Faulkner | Partner, Head of Acquisitions-Southwest/Central

Additional Filters

Subcategory
Tags