deal image
1470 NW Glisan StPortland, OR 97209
The Rodney
Asset ClassMultifamily
# Units230
Year Built: 2019# Stories: 16Parking Spaces: 186 SpacesAccess Data Room
Luxury High-Rise in Portland's Esteemed Pearl District
overview of deal

Overview

JLL Capital Markets is pleased to present The Rodney (the “Property” or “Community”), a 230-unit, luxury high-rise community located in the heart of the highly coveted Pearl District. The Community eloquently sits at one of the neighborhood’s most prominent intersections, just steps away from the iconic flagship location of 10 Barrel Brewing, the renowned Peruvian culinary gem Andina, and an array of Portland’s most popular retail and dining destinations. Rising above the cityscape, the cutting-edge high-rise design commands attention among Portland’s skyline and offers unparalleled panoramic views of the city and Mt. Hood. The Property’s awe-inspiring architecture seamlessly merges with its contemporary interior design, showcasing ultra-modern unit finishes, efficient floorplans, and expansive floor-to-ceiling windows that flood the living spaces with abundant natural light and maximize the sweeping views.

Access the Data Room

Investment Highlights

  • Ultra-luxurious interior finishes with panoramic city views
  • Amenity-rich location in the heart of the Pearl District
  • Steps away from Portland’s premier employment district with direct access to I-405
  • Rare Multiple-Unit Limited Tax Exemption (MULTE)
  • Expansive community amenities conducive to the live-work-play experience
  • Significant reduction in multi-housing permit activity fueling future rent growth
  • Opportunity to acquire at an appealing discount to reproduction cost
  • Low supply submarket with no projects currently under construction
deal gallery image
deal gallery image
deal gallery image
1470 NW Glisan StPortland, OR 97209

Contacts

Ira VirdenSenior Managing Director, Portland & Seattle Office Co-Head(503) 417-5587ira.virden@jll.com
Charles HalladaySenior Managing Director, San Francisco Office Co-Head(415) 276-6085charles.halladay@jll.com
Charlie WatsonDirector, Capital Markets(503) 265-5090charlie.watson@jll.com

Inquire

Listing provided by Revere CRE