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Virtú Investments acquired Barclay Village, a 146-unit apartment community in Oregon City, for about $18.7M from Barclay Cascade Investors. Built in 1987, the property offers a mix of one- and two-bedroom units averaging about 989 SF.
Barclay Village is the closest large apartment to Oregon City's rejuvenating downtown. The property is 97% occupied and about half of the units have received modest renovations recently.
Amenities include covered parking, in-unit fireplaces, balconies, dishwashers and hookups for a washer and dryer, as well as community fitness options such as basketball and tennis courts, a pool/spa and fitness center.
Virtú has acquired a multi-market portfolio of more than 109 assets representing 20,000 apartment units, as well as several office, industrial and hotel investments.
Phil Oester, Joe Nydahl and Josh McDonald of CBRE’s Northwest Multifamily Institutional Investment team represented the seller.
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