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Sale of Suburban Portland, Oregon, Apartments Benefits From Pandemic-Era Lease-Up

California Investor Exits After 15-Month Hold
RM Communities, of Los Angeles, bought the 64-unit Edison Apartments at 1833 SE Sixth St. in Gresham, Oregon, from Trion Properties, of West Hollywood, California, for $19.5 million. (CoStar)
RM Communities, of Los Angeles, bought the 64-unit Edison Apartments at 1833 SE Sixth St. in Gresham, Oregon, from Trion Properties, of West Hollywood, California, for $19.5 million. (CoStar)
CoStar News
April 14, 2022 | 11:27 P.M.

A California investor's 2020 purchase of a new, vacant apartment complex in suburban Portland, Oregon, has proven to be a case study for the area’s strong growth and the value of a lease-up amid the volatility of the pandemic.

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