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Pacific Urban Investors Acquires 304-Unit Meadow Creek Apartments In Tigard For $76.6M

Property Image
SOLD
$76,600,000

Oregon

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MultiFamily
Sold 06/20/2025
the dealdetailscomps
Property Image
SOLD

Pacific Urban Investors Acquires 304-Unit Meadow Creek Apartments In Tigard For $76.6M

12505 Southwest North Dakota Street

See Similar Deals
MultiFamily
Sold 06/20/2025
the dealdetailscomps

Summary

OREGON
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in the transaction is a multi-family asset located at 12505 Southwest North Dakota Street, Tigard, OR. The sale was completed for a total of $76,600,000, which translates to a per unit price of approximately $251,974 for the 304 units. The property was built in 1985 and features various amenities, including a pool and fitness center.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $76,600,000
  • Units: 304
  • Price Per Unit: $251,974
  • Buyer: Pacific Urban Investors
  • Market: Tigard, OR
  • Previous Owner: Boston investor group
  • Loan Assumed: $38.1 million Fannie Mae loan

Pacific Urban Investors, through this transaction, has expanded its Portland-area portfolio to a total of 2,610 units, marking its 10th asset acquisition in the region.

Players

Pacific Urban Investors
Pacific Urban Investors
BUYER

Details

SOLD
IMAGE: 06/20/2025 ADDRESS: 12505 Southwest North Dakota Street MARKET: Tigard, OR ASSET TYPE: MultiFamily BUYER: Pacific Urban Investors SALE PRICE: $76,600,000 UNITS: 304 ~ PPU: $251,974 NOTE: Pacific Urban Investors acquired the 304-unit Meadow Creek apartments in Tigard, Ore., for $76.7 million ($252,302/unit) from a Boston investor group, assuming a $38.1 million Fannie Mae loan. The property, built in 1985 and featuring amenities like a pool and fitness center, marks the firm’s 10th Portland-area asset, boosting its local portfolio to 2,610 units.

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