Glencrest Group has paid $26.85 million, or $159,821/unit, for the 168-unit Meadowland Apartments in Portland, Ore. The San Francisco investor purchased the property from NBP Capital of Portland, which was represented by JLL Capital Markets. The brokerage, which is a lender under Freddie Mac’s Optigo program, also wrote a Freddie loan to facilitate the purchase. […]

The post 168-Unit Apartment Property in Portland, Ore., Sells for $26.85Mln appeared first on Commercial Real Estate Direct.