Pacific Oak Capital funds Portland-area opportunity zone property

Pacific Oak Capital has funded $33 million for the development of Wood Village Apartments, a multifamily and retail development located in an opportunity zone in the Portland suburb of Wood Village, Ore.  

Wood Village Apartments is a 172-home, mixed-use multifamily project that includes a more than 10,000-square-foot neighborhood retail center comprising two buildings. 

“Wood Village currently enjoys the lowest vacancy rates in the Greater Portland region as well as the lowest rate of new multifamily construction in the sub-market since 2010,” said Keith Hall, co-founder of Pacific Oak. “This is an attractive combination that we believe will make Wood Village Apartments a great success.”

Construction on the development is scheduled to begin later th