US: Oakwood Worldwide has added a recently completed LEED Platinum certified 112-unit apartment complex in the Pearl District of Portland, Oregon to its portfolio.
The property, renamed Oakwood Portland Pearl District, was
purchased by Singapore-based Mapletree Group as part of its joint
venture with Oakwood Worldwide, the eighth such acquisition
since the partnership began.
The property consists of studios, one- and two-bedroom apartments featuring polished concrete floors and countertops, stainless steel appliances, and in-unit washers and dryers. Amenities include a gym, bike storage and a rooftop lounge with views, a yoga patio, BBQ area and a fire. The apartments will be furnished with modern, contemporary and transitional style furniture. Each apartment will also feature a 48" Smart TV in the living room.
"Portland is a booming city and a proven magnet for businesses in the U.S. and across the world," said Mike Jara, west coast acquisitions director, Oakwood Worldwide. "With Portland's base of blue-chip companies, and its employment growth that has been outpacing the nation, Portland was the ideal location for an acquisition. Oakwood Portland Pearl District is in a fantastic spot within the city, nestled in the heart of downtown Portland in one of its most desirable neighborhoods, affording our guests all the conveniences and pleasures of city living."
"We're excited to add this new, contemporary building to our portfolio in Portland," said TJ Spencer, vice president sales, Oakwood Worldwide. "Its LEED Platinum certification is a great attribute. Our clients are increasingly asking us about our environmental impact and our overall corporate social responsibility and we are pleased to add another building to our global portfolio that has earned LEED certification."