Institutional Property Advisors Brokers Sale and Arranges Financing for Apartment Property in Portland Oregon
July 13, 2026
PORTLAND, Ore., July 13, 2026 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced today the sale and financing of Habitat, an 85-unit apartment property in the Raleigh Hills neighborhood of Portland, Oregon. The $18.85 million sales price represents $221,765 per unit and $280 per square foot. The price per unit and price per square foot are among the highest for 1970s-built apartments sold in the Portland area over the last five years.
“The property is in a premier Portland neighborhood, but within Washington County boundaries, and thus it has long been an outperformer versus similarly aged comparables,” said Anthony Palladino, IPA senior director investments. “Previous ownership completed renovations and upgrades on roughly 40% of the units and the remaining units present a clear path for continued revenue growth.” Palladino, Philip Assouad, Giovanni Napoli, Ryan Harmon, and Nick Ruggiero of IPA, in association with David Tabata, Marcus & Millichap’s broker of record in Oregon, represented the seller, Pathfinder Partners, and procured the buyer, Crown Point Real Estate. Brian Eisendrath, Cameron Chalfant, and Jake Vitta of IPA Capital Markets arranged acquisition financing.
Built in 1978, Habitat features a park-like setting, 20 single-story cottage-style units, a central pond, and mature landscaping. The property is a short commute to Downtown Portland, and easily accessible to three of Oregon’s largest employers, Oregon Health & Sciences University, Nike, and Intel.
“The property is in a premier Portland neighborhood, but within Washington County boundaries, and thus it has long been an outperformer versus similarly aged comparables,” said Anthony Palladino, IPA senior director investments. “Previous ownership completed renovations and upgrades on roughly 40% of the units and the remaining units present a clear path for continued revenue growth.” Palladino, Philip Assouad, Giovanni Napoli, Ryan Harmon, and Nick Ruggiero of IPA, in association with David Tabata, Marcus & Millichap’s broker of record in Oregon, represented the seller, Pathfinder Partners, and procured the buyer, Crown Point Real Estate. Brian Eisendrath, Cameron Chalfant, and Jake Vitta of IPA Capital Markets arranged acquisition financing.
Built in 1978, Habitat features a park-like setting, 20 single-story cottage-style units, a central pond, and mature landscaping. The property is a short commute to Downtown Portland, and easily accessible to three of Oregon’s largest employers, Oregon Health & Sciences University, Nike, and Intel.
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About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com.