JLL Brokers Sale of Portland Luxury Community

Senior Managing Director Ira Virden, Senior Director Carrie Kahn and Associate Frank Solorzano represented the seller.
Modera Davis. Image courtesy of JLL

JLL Capital Markets has arranged the sale of Modera Davis, a 204-unit community in Portland, Ore. Senior Managing Director Ira Virden, Senior Director Carrie Kahn and Associate Frank Solorzano represented the seller, a joint venture between Mill Creek Residential Trust and their capital partner. Virtu Investments acquired the luxury asset. In December 2019, Virden and Kahn facilitated the $34 million sale of a 137-unit community in Beaverton, Ore. 

Located at 215 NW 10th St., the newly built Modera Davis comprises units averaging 658 square feet, with features including private balconies, full-size washers and dryers, plank flooring and expansive windows. Common-area amenities include a fitness center, a rooftop deck with grilling area and fire pit, a sauna, a golf simulator and electric vehicle charging stations. The property also has 8,307 square feet of retail space and 136 parking stalls.

The 12-story Modera Davis is within the Pearl District, just off Interstate 405. The community is within walking distance of Union Station and 1 mile from downtown Portland.

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