Updated Mar 14, 2026
Glencrest Group And Sky Alps Capital Acquire Cedar Square Multifamily Community In Beaverton For $29.8M
10480 Southwest Eastridge Street
$29,800,000
Units
155
Asset Type
MultiFamily
Closing
Mar 13, 2026
About this deal
AI
The asset involved in the transaction is Cedar Square, a 155-unit garden-style multifamily community located at 10480 Southwest Eastridge Street in Beaverton, OR. The property was acquired for $29.8 million.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $29,800,000
- Buyer: Glencrest Group & Sky Alps Capital
- Brokers: Ira Virden, Carrie Kahn & Owen Wise - JLL
This transaction represents a collaboration between Glencrest Group and Sky Alps Capital, who worked together to secure the acquisition. JLL acted as the brokerage firm representing both the buyer and the sellers during this deal.
Players
Portland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93