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Green Leaf Capital Partners Acquires The Perch PDX Multifamily In Portland For $31M

Property Image
SOLD
$31,000,000
Ira Virden
Frank Solorzano
Carrie Kahn
+ 1

Oregon

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MultiFamily
Sold 10/25/2023
the dealplayerscompscontact
Property Image
SOLD

Green Leaf Capital Partners Acquires The Perch PDX Multifamily In Portland For $31M

5325 North Interstate Avenue

See Similar Deals
MultiFamily
Sold 10/25/2023
Ira Virden
Frank Solorzano
Carrie Kahn
+ 1
the dealplayerscompscontact
Contact now

Summary

OREGON
Asset Type:MultiFamily
Transaction Type:Sale

The Perch PDX, a 141-unit luxury community located at 5325 North Interstate Avenue in North Portland, Oregon, has been acquired by Green Leaf Capital Partners. The property was sold by Fairfield Residential for a total of $31 million. The transaction took place on October 25, 2023.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $31,000,000
  • Address: 5325 North Interstate Avenue, Portland, OR
  • Market: Portland, OR
  • Units: 141
  • Price Per Unit (PPU): $219,858

Michael J. O'Neil from Green Leaf Capital Partners acted as the buyer in this transaction, while Richard Boynton represented the seller, Fairfield Residential. The deal was brokered by Carrie Kahn, Frank Solorzano, and Ira Virden from JLL.

Players

Ira Virden
JLL
Ira Virden
8 deals$535.8M volume
BROKER
Carrie Kahn
JLL
Carrie Kahn
7 deals$410.8M volume
BROKER
Frank Solorzano
JLL
Frank Solorzano
6 deals$381M volume
BROKER
GP
Green Leaf Capital Partners
BUYER
RB
Fairfield Residential
Richard Boynton
7 deals$436.1M volume
SELLER

Details

SOLD
IMAGE: Michael J. O'Neil, Richard Boynton, Carrie Kahn, Frank Solorzano & Ira Virden DATE: 10/25/2023 ADDRESS: 5325 North Interstate Avenue MARKET: Portland, OR ASSET TYPE: Multifamily BUYER: Michael J. O'Neil - Green Leaf Capital Partners SELLER: Richard Boynton - Fairfield Residential BROKERS: Carrie Kahn, Frank Solorzano & Ira Virden - JLL SALE PRICE: $31,000,000 UNITS: 141 ~ PPU: $219,858 NOTE: Green Leaf Capital Partners has acquired The Perch PDX, a 141-unit luxury community in North Portland, Oregon, from Fairfield Residential for $31 million.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$110,136.45
Cash-on-Cash Return-1.27%
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