Allan Swaringen Of JLL IP Trust Acquires Multifamily Asset In Sherwood For $61M

The multifamily property located at 21759 Southwest Cedar Brook Way in Sherwood, OR, known as Creekview Crossing, has been acquired by JLL Income Property Trust for $61,000,000. The transaction also involved assuming a $26 million mortgage loan with a below-market interest rate of 3.09 percent from the seller, Metropolitan Land Group.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $61,000,000
• Buyer: Allan Swaringen - JLL Income Property Trust
• Seller: Metropolitan Land Group
• Address: 21759 Southwest Cedar Brook Way, Sherwood, OR
• Market: Sherwood, OR

Allan Swaringen of JLL Income Property Trust represented the buyer in the acquisition of Creekview Crossing from Metropolitan Land Group.