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Investor Buys Suburban Complex in Portland, Oregon, as Part of US Multifamily Expansion Plan

Gelt Expects to Spend $250 Million on Apartments in 12 Months
The apartment property at 4777 S.W. 11th St. in suburban Portland, Oregon. (CoStar)
The apartment property at 4777 S.W. 11th St. in suburban Portland, Oregon. (CoStar)
CoStar News
September 24, 2020 | 2:46 AM

Multifamily investment firm Gelt Inc. snagged an apartment in Portland, Oregon, that it plans to renovate and potentially sell as part of its plan to spend $250 million on multifamily properties over the next year.

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