Curtis Capital Group has sold TownCenter Park, a 111-unit, 1990-built, garden-style multi-housing community in Wilsonville, Ore., for $30 million. The new owner is RISE Properties Trust, a private Canadian REIT.
TownCenter Park comprises one-, two- and three-bedroom units ranging from 802 to 1,350 square feet. The seller completed significant exterior improvements during its five-year ownership, including new siding, roofs and windows, in addition to interior renovations to 40 units, which include upgraded vinyl plank flooring and carpet, stainless-steel appliances, laminate countertops, white shaker cabinetry and hardware, upgraded lighting, new decks, and two-inch faux wood blinds.
The property is located at 29250 Southwest Parkway Court in Wilsonville, a suburban neighborhood along the banks of the Willamette River. TownCenter Park is situated along Interstate 5, offering a 30-minute commute to both Salem and downtown Portland, the state’s two largest economic hub
