Acquisition of The Village at Main Street

Deal value: $60,000,000

Acquisition of a mixed-use property in Portland, OR, featuring 25,000 sq ft of retail and 80 residential units above. The property is located in a revitalized downtown area and includes a local grocery store and a community center.

The acquisition targets a stabilized, mixed-use asset in a revitalized downtown Portland area, capitalizing on urban renewal trends and demand for integrated live-work-play environments. The core motivation is to secure predictable cash flow from diversified retail and residential income streams, while benefiting from the area's improving demographics and infrastructure. The presence of a grocery anchor and community center enhances tenant retention and neighborhood appeal, aligning with institutional appetite for resilient, community-focused assets.