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Gramor Development and Misty Apartment sell multi-housing community near Portland, Ore.
Transactions - NOVEMBER 8, 2021

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Gramor Development and Misty Apartment sell multi-housing community near Portland, Ore.

by Released

Gramor Development, the developer, and Misty Apartment have closed on the $44 million sale of Misty Ridge, a 103-unit, garden-style multi-housing community in Happy Valley, Ore., in the Portland MSA.

DHIJ Management acquired the property.

Misty Ridge comprises one-, two- and three-bedroom units averaging 953 square feet. Units feature full-sized washer and dryers, air conditioning, walk-in closets, stainless-steel appliances and USB outlets. The community offers a clubhouse, outdoor kitchen, dining lounge, fire pit, dog park and parcel lockers.

Located at 12846 SE 157th Ave., Misty Ridge is surrounded by expanding healthcare, educational and manufacturing companies, including Providence Health Willamette Falls Medical Center. The property’s location connects residents to major arterials with access to downtown Portland in 25 minutes via the MAX light rail at Clackamas Town Center Transit Station.

Misty Ridge is near Happy Valley Crossroads,

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