Tam Ridge Partners Acquires 99-Unit Multifamily Property In Forest Grove For $14.7M

A 99-unit multi-family apartment property located at 2701 Main Street in Forest Grove, OR, was sold for $14,700,000. The property, known as The Boxer, presents a price per unit of $148,485.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $14,700,000
• Units: 99
• Buyer: Tam Ridge Partners
• Seller: Bender Equities
• Brokers: Anthony Palladino, Philip Assouad, Giovanni Napoli, Ryan Harmon & Nicholas Ruggiero - Institutional Property Advisors

IPA facilitated the $14.7 million sale and also arranged acquisition financing for the property, contributing to the smooth transition between Tam Ridge Partners and Bender Equities in this multi-family asset exchange.