Security Properties Acquires Bend Multifamily Property For $49.5M

Security Properties has completed the acquisition of a multifamily property located at 1855 NE Lotus Dr in Bend, OR. The property spans across 9.1 acres and features a total of 168 units. The sale price for this transaction was $49,500,000, which translates to an average price per unit of $294,643.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $49,500,000
• Units: 168
• Price per Unit: $294,643
• Address: 1855 NE Lotus Dr, Bend, OR
• Market: Bend, OR
• Buyer: Security Properties
• Broker: Nick Santangelo - CBRE

Nick Santangelo from CBRE represented Security Properties as the broker in this transaction.