Waterton Acquires Parker Apartments In Portland For $52M From Invesco Real Estate

The Parker, a 177-unit apartment property located at 1447 Northwest 12th Avenue in Portland, Oregon, has been sold by an affiliate of Invesco Real Estate in Atlanta to Waterton. The sale price for the property was $52 million, resulting in an average price per unit of $293,785.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $52,000,000
• Units: 177
• Price per Unit: $293,785
• Address: 1447 Northwest 12th Avenue, Portland, OR
• Market: Portland, OR

Waterton, a real estate investment and property management firm, acted as the buyer for this transaction. They acquired the Parker apartment property from the Invesco Real Estate affiliate. The deal showcases Waterton's continued investments in the Portland property market.