Ramin Rostami Acquires Beverly Multifamily In Portland For $36M

The Beverly, a 53-unit apartment complex located at 2025 Northeast 44th Avenue in Portland, OR, was sold for $36,000,000 in a recent transaction. The buyer, Ramin Rostami, led a group based in Calabasas, Calif., acquiring the property from the seller, Principal Real Estate Investors. The sale price equates to $679,245 per unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $36,000,000
• Units: 53
• Buyer: Ramin Rostami
• Seller: Principal Real Estate Investors
• Broker: Kidder Mathews
• Market: Portland, OR

Kidder Mathews facilitated the transaction as the broker representing the parties involved in the sale of The Beverly. Ramin Rostami, the purchaser, is based in Calabasas, Calif., while the seller, Principal Real Estate Investors, completed the deal for the 53-unit apartment complex in Portland, OR.