Ryan Somers Of Benedict Canyon Partners Acquires 154-Unit Fieldstone Apartments In Fairview For $27.3M

The asset involved in this transaction is the Fieldstone Apartments, a multifamily property located at 20650 Northeast Halsey Street in Fairview, Oregon. The property comprises 154 units and was sold for a total price of $27,300,000, resulting in a per unit price of $177,273. The transaction was supported by Zions Bank, which provided a loan amounting to $20.9 million.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $27,300,000
• Buyer: Ryan Somers - Benedict Canyon Partners
• Seller: Investment Property Group
• Units: 154
• Price Per Unit: $177,273
• Loan Amount: $20,900,000

Ryan Somers, representing Benedict Canyon Partners, facilitated the acquisition of the Fieldstone Apartments from Investment Property Group. This transaction highlights the involvement of key financial backing from Zions Bank in supporting the deal.