River Lofts

RIVER LOFTS – TUALATIN, OR
Selling Price: $15,850,000
Year Built: 1974
Total Units: 74 Units
Price Per Unit: $214,865

CLIENT SUCCESS STORY – FULL CIRCLE TRANSACTION

CLIENT GOAL
The seller, a regional investor based in California, originally acquired River Lofts in 2021 through an off-market transaction sourced by the Christensen Group. It was their first acquisition in Oregon. After a successful hold, their goal was to preserve equity and reposition capital for the next phase of portfolio growth.

CHALLENGE
While River Lofts is a well-located and stabilized asset, its 1974 construction date created significant insurance challenges. The property's age made it ineligible for preferred insurance programs, and its location within a designated flood zone further elevated the premium burden and narrowed the pool of eligible carriers. These factors posed valuation risks and made it critical to identify buyers with a clear understanding of the underwriting environment.

ACTION
The Christensen Group in partnership with our IPA team, implemented a highly targeted marketing campaign that framed the asset’s long-term value and operational stability while addressing the insurance considerations transparently. We positioned the deal to both private investors and institutional funds, crafting financial models that highlighted durable cash flow and capital improvement upside.

RESULT
Our robust marketing efforts generated over 20 qualified offers from buyers ranging from local family offices to national institutional groups. The winning bid came from a San Francisco–based institutional fund that moved decisively to secure the deal. The final sale price of $15,850,000 allowed the seller to achieve their equity preservation goal and completed a full-circle success story for our team, having advised the client on both their original purchase and the disposition.