The Class "A," 112-unit Springville Oaks Apartments in Portland, Oregon has been recently acquired by the New York City-based national real estate investment firm, The Praedium Group.
"As one of the area's newest residential communities, Springville Oaks is in the ideal position to benefit from residents looking for top-quality homes and amenities in one of the nation's strongest rental markets," said Asim Hamid of The Praedium Group.
According to the press release of The Praedium Group in PR NewsWire, the Springville Oaks Apartments is strategically located within the well-established Beaverton School District, and is the epicenter of some of the major business hubs that include Intel Corporation, Nike's global headquarters, Columbia Sportswear, Genentech, Google, and SolarWorld Industries. The residential complex is also just a few blocks away from several retail attractions, such as the Bethany Village Centre, The Streets of Tanasbourne, and the Tanasbourne Town Center.
Both Intel and Nike are undergoing expansion projects worth $6.0 billion and $150 million respectively, and will bring in more employment opportunities in the area.
The residents of Springville Oaks Apartments can utilize a wide array of community amenities that include air-conditioned hallways and corridors, covered parking, a Greenspace walking/running trail, easy access to the Claremont Golf Club, close proximity to retail shopping/dining options, controlled access, and on-site management. The apartment community offers one-, two-, and three- apartment homes that feature nine-foot ceilings, air-conditioning, a private garage, a washer/dryer, fully equipped kitchens with quartz or granite counters, stainless steel appliances, a patio/balcony, large/walk-in closets, pre-wired 100MB internet, vinyl plank flooring, a raised breakfast bar, a Roman-style tab, and an open layout.
The Praedium Group is a privately-held real estate investment firm that was founded in 1991. The Group now has over 350 transactions representing approximately $10 billion of capital, including 73,000 multi-family units and nearly 44 million square feet of commercial space. The firm focuses on under-performing and undervalued assets throughout the United States.
