Verdant Development Inc. Acquires Multifamily Properties In Oregon For $83 Million From Bender Equities

The transaction involved two multifamily properties located at 3930 Northwest Witham Hill Drive and 100 North Pacific Highway in Corvallis & Talent, OR. The sale price was $83,000,000, encompassing 438 units and a per unit price of $189,498.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $83,000,000
• Buyer: Verdant Development Inc.
• Seller: Bender Equities
• Brokers: Anthony Palladino, Philip Assouad, Giovanni Napoli, Ryan Harmon, Nicholas Ruggiero - Institutional Property Advisors; Marcus & Millichap
• Units: 438
• PPU: $189,498

IPA facilitated the sale of the Oak Vale and Anjou Club properties, representing the seller, Bender Equities, and securing the buyer, Verdant Development Inc. The assets include the 257-unit Oak Vale and the 181-unit Anjou Club, totaling over 30 acres, with a strong occupancy rate and accessibility to major universities.