Waterton, a national real estate investor and operator, has acquired The Parker – a 177-unit apartment community located in the heart of Portland’s Pearl District. Just one mile north of Downtown Portland and adjacent to the lively Slabtown submarket, this six-story midrise building provides residents with an array of amenities as well as one- and two bedroom apartments.
“We are thrilled to expand our portfolio into the Portland market with The Parker acquisition,” said Kevin Ibasco, vice president of acquisitions at Waterton. “This prime location is well aligned with our investment strategy; we look forward to leveraging our experience in order to contribute positively towards continued growth within this vibrant community.”
Waterton plans on implementing light value add programs throughout both rental homes and common areas for added convenience for its residents.
