Canyon Partners Real Estate, ScanlanKemperBard Cos. and Diamond Investment Group have formed a joint venture in the development of The Overland, a 219-unit apartment project in the Portland, Ore., suburb of Tigard, Ore.
Canyon invested $24.4 million of equity into this project, which is located in a qualified opportunity zone. The joint venture also secured a construction loan from Bank OZK. SKB is the lead project sponsor and developer, spearheading a team including DIG and Greenlight Development. Construction will commence immediately and is scheduled for completion in the summer of 2022.
Located in the Tigard Triangle at the northeast corner of SW Dartmouth Street and SW 72nd Avenue, the project benefits from its close proximity to retail, restaurants and outdoor activities as well as convenient access to the area’s major employment hubs, including downtown Portland; the Oregon Health & Science University; Beaverton, Ore.; and Hillsboro, Ore.
“The Ov
