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Private Developer Buys 205-Unit Multifamily Property In Bend, Oregon

Security Properties Sold Outlook at Pilot Butte
A multifamily complex at 2001 NE Linea Drive in Bend, Oregon, has sold. (Miller Chloe/CoStar)
A multifamily complex at 2001 NE Linea Drive in Bend, Oregon, has sold. (Miller Chloe/CoStar)
By Matthew Kiely
March 27, 2024 | 9:28 P.M.

Security Properties — a Seattle-headquartered investor and developer — has let go of a largely occupied multifamily property in Bend, Oregon. A private developer purchased the property for $57.5 million, or about $280,488 per unit.

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