Michael Streicker Of Sentinel Real Estate Acquires Willow Apartments From Shorenstein Properties For $66M
5600 Meadows Road
$66,000,000
$417,721/SF
Building Size
158 SF
Asset Type
MultiFamily
Closing
Jul 23, 2026
AI
The asset involved in this transaction is the 158-unit Willow Apartments located at 5600 Meadows Road in Lake Oswego, OR. The sale price for the property was $66,000,000, translating to approximately $417,700 per unit.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $66,000,000
- Address: 5600 Meadows Road
- Market: Lake Oswego, OR
- Square Footage: 158
- Price Per Square Foot: $417,722
- Buyer: Michael Streicker - Sentinel Real Estate
- Seller: Shorenstein Properties LLC
This transaction saw Michael Streicker representing Sentinel Real Estate Corp. acquiring the property from Shorenstein Properties LLC. The deal marks a significant acquisition in the multi-family sector as it reflects ongoing interest in the Lake Oswego market.
Players
Meadows MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93