Lloyd District’s Axcess 15 apartments sold for $48.6 million

September 30, 2012 Portland Rental News No Comments

View full sizeCBREAxcess 15 apartments was purchased for $48.6 million.

Vancouver-based Holland Residential has sold a 202-unit Lloyd District apartment complex.
Waterton Associates of Chicago paid $48.6 million for the Axcess 15 apartments, according to brokerage CBRE, which brokered the transaction and provided financing for the sale.
Waterton, a private equity real estate investment firm with a $3.3 billion portfolio, bought a 554-unit Beaverton apartment complex in March for $77.2 million. Read More – Oregonlive.com>

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Lorraine Schuler

Property owner

We have utilized Property Management Systems as our property manager for several years. We have been extremely happy with their processes and how easy it is to navigate our monthly owner's statement. I would recommend them to any of my friends as a PM or as a rental agent if they were looking for a home.

Chi Yan

Property Owner

<span class="GKa oAa"> I’ve been with Property Management Systems and Darla’s team for over four years now and I have nothing but good things to say about them. All my tenants with them are perfect!! They pay their rents in full and on time month after month, and keep the place very neat and clean. Yes, there have been maintenance calls from time to time due to wear and tear, but they take care of all the maintenance calls very seriously and promptly. All her staffs are very friendly and always answer my questions / concerns promptly – Sarah, Jeremy, & Grace. I live 3,000 miles away on the east coast and I am very comfortable leaving my rentals with Darla’s team!!</span>

Amy Hall

Property Owner

<span class="GKa oAa"> I've been working with Property Management Systems for just over a year. Darla was my first point of contact and she made a good impression. I interviewed several other companies before employing them and am glad that I went with them. They are prompt if I have questions about my owner statements and respond to maintenance requests quickly. </span>