PARAMOUNT APARTMENTS
KIDDER.COM OFFERING MEMORANDUM | 253 N BROADWAY ST | PORTLAND, OR 01
PROPERTY OVERVIEW Executive Summary Investment Highlights Photos TABLE OF Area Map Aerial Photos Location Overview CONTENTS 02
FINANCIALS Rent Comparables Sale Comparables Financial Analysis Current Financial Analysis Pro-forma 03
MARKET OVERVIEW Portland Overview
EXCLUSIVELY LISTED BY
CLAY NEWTON JORDAN CARTER TYLER LINN 503.721.2719 503.221.2280 503.721.2702 [email protected] [email protected] [email protected] KIDDER.COM
The information contained in the following Marketing Brochure is proprietary and strictly confi dential. It is intended to be reviewed only by the party receiving it from Kidder Mathews and should not be made available to any other person or entity without the written consent of Kidder Mathews. This Marketing Brochure has been prepared to provide summary, unverifi ed information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kidder Mathews has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected fi nancial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the fi nancial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Kidder Mathews has not verifi ed, and will not verify, any of the information contained herein, nor has Kidder Mathews conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies. 01 PROPERTY OVERVIEW
EXECUTIVE SUMMARY
INVESTMENT HIGHLIGHTS
PHOTOS
AREA MAP
AERIAL PHOTOS
LOCATION OVERVIEW
PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 3 PROPERTY OVERVIEW
253 N Broadway St Address Portland, OR No. of Units 66 Land Area 11,326 SF Year Built 1923 Total SF 50,705 SF Net Rentable SF 34,280 SF Average Apartment Unit Size 520 SF Current Average Mo. $992 Apartment Rent Market Average Mo. $1,150 Apartment Rent Wood framed with brick Construction EXECUTIVE and masonry (reinforced) SUMMARY $10,350,000 $156,818 $204
SALE PRICE PRICE/UNIT PRICE/SF
THE OFFERING The Paramount consists of 66 character. Situated on a little over apartment units located in one 11,000 SF of land, the Paramount of the most central locations is at the apex of its block and has in Portland. The Paramount excellent visibility from one of offers quiet residential living Portland’s main arterial streets. within close proximity to all the 1923 34,280 excitement downtown Portland, The property is fi ve stories tall and the Pearl District, North Williams it has been determined it is not YEAR BUILT NET RENTABLE SQUARE FEET and Portland’s Eastside districts. unreinforced masonry construction. The property is located just a The Paramount has a mix of studio 10 minute walk from downtown and one bedroom units, some with Portland, Lloyd Center, Irvington downtown, Willamette River and and Burnside Bridgehead territorial views. The property has 520 SF 66 neighborhoods. Built in 1923, the on-site laundry, bike storage and property has undergone several has a large basement storage area AVERAGE UNIT SIZE APARTMENT UNITS upgrades over the years, but where the common boiler and hot still retains its historic charm and water tanks are located.
PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 4 INVESTMENT HIGHLIGHTS
UNBEATABLE Portland location
½ MILE from downtown Portland / Pearl District / Lloyd Center
IMMEDIATE access to public transportation
EASY access to nearby bike corridors
HISTORIC charm & character
LARGE walk-in closets
ONSITE access to laundry facilities
BIKE storage
88 89 78
VERY VERY EXCELLENT WALKABLE BIKEABLE TRANSIT
PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 5 PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 6 PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 7
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NW SANDY BLVD SANDY NW
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NE MARTIN LUTHER KING JR BLVD BLVD BLVD JR JR JR KING KING KING LUTHER LUTHER LUTHER LUTHER MARTIN MARTIN MARTIN MARTIN NE NE NE NE A N E N B D . regon onv enter BURNSIDE BURNSIDE Oregon Conv. Center O C C
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NW NORTHRUP ST NORTHRUP NW NW NICOLAI ST NICOLAI NW Denorval Unthank Park AREA AMENITIES 27
26 4 EAT / DRINK RETAIL / SERVICES 25 NE FREMONT ST 3 Compass Oncology Irving 1 Cartside Food Carts 1 Cancer Center Park 2 Pine State Biscuits 2 Toyota of Portland 3 Ex Novo Brewing 3 Walgreens 5 4 Ox NE 15TH AVE NE 15TH 4 Nike Community Store N VANCOUVER AVE N VANCOUVER 5 Izakaya Kichinto Legacy Emanuel 5 NE KNOTT ST IRVINGTON Medical Center 4 6 ELEMENTARY Red Robin 6 Lloyd Center 5 SCHOOL HARRIET TUBMAN 3 7 Cafe Yumm MIDDLE SCHOOL 4 7 Oregon Convention Center N WILLIAMS AVE N WILLIAMS 8 Gather Food + Drink 8 Cosube PARAMOUNT 9 Buffalo Wild Wings 9 APARTMENTS Portland Saturday Market 10 Sushi Ohana 1 2 10 Subaru of Portland 2 11 1 12 13 McMenamins Broadway Pub 10 11 Next Adventure 3 1 9 11 14 15 NE WEIDLER ST 12 Cadillac Cafe
13 Saint Simon Coffee Co. 12 6 GROCERY 12 14 Swift Lounge NE MULTNOMAH ST 1 Safeway 6 8 3 Holladay 15 Spielman Bagels 7 Park 2 World Foods 16 Culmination Brewing 16 3 New Seasons Market 24 BENSON 7 POLYTECHNIC 17 Voodoo Doughnuts HIGH SCHOOL 4 Whole Foods Market 18 Screen Door 5 New Seasons Market LUNDQUIST Buckman 19 Le Pigeon 4 5 COLLEGE Park 2 NE SANDY BLVD 17 20 Nong's Khao Man Gai ENTERTAINMENT 8 21 Kinboshi Ramen 1 18 Moda Center 9 20 19 23 10 21 22 Lechon 2 Lloyd Center Ice Rink
22 23 Portland City Grill 3 Regal Lloyd Center & IMAX NE 12TH AVE NE 12TH
11 24 Rusty Nail Pizza 4 Lan Su Chinese Garden
54 5 25 Por Que No 5 Revolution Hall 6 26 Life of Pie 6 Regal Pioneer Place
27 Eem Thai BBQ
PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 9 OHSU
DOWNTOWN PORTLAND
BURNSIDE MODA BRIDGE CENTER
VETERAN'S MEMORIAL COLISEUM BROADWAY BRIDGE
PARAMOUNT APARTMENTS
N BROADWAY
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PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 10 11 KIDDER MATHEWS SWAN SWAN ISLAND OFFERING MEMORANDUM PARAMOUNT PARAMOUNT APARTMENTS PARAMOUNT APARTMENTS APARTMENTS PARAMOUNT BRIDGE
FREMONT FREMONT N FLINT AVE FLINT N SITE PORTLAND PORTLAND
PUBLIC SCHOOL PUBLIC SCHOOL
REDEVELOPMENT REDEVELOPMENT N WHEELER AVE WHEELER N
N BROADWAY PEARL PEARL DISTRICT ALBINA VISION PROJECT AREA
The Paramount is located in what has become known as the Albina Vision Project Area; 94 acres in the heart of the Albina/Rose Quarter neighborhood. Albina Vision Trust, a nonprofi t organization looking to revive the historically Black Albina predominantly Black residents neighborhood, was recently displaced to make way for new granted fi rst right of refusal on a development, including Interstate the property, currently owned by the Avenue and the I-5 freeway during Portland Public Schools (PPS) and the 1960s. Albina was originally its used as their central administration own city, until it was annexed into building for years. This is area is the city of Portland. what many consider some of the most valuable real estate in the city, Below is a map of the Albina given its size and location. Vision Project Area, as well as a rendering of what the transformed The plan is to have Albina Vision neighborhood is envisioned Trust acquire the property as part of to look like. The Paramount the group's larger plans to transform apartment is in the middle of what 94 acres of lower Albina. AVT seeks will at some point be one of the to reimagine Portland's lower Albina biggest redevelopment projects district which saw thousands of in Portland’s recent history.
PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 12 PORTLAND PUBLIC TRANSIT NE SISKIYOU ST LEGEND LEGACY
NE STANTON ST RODNEY NE AVE EMANUEL
MEDICAL NE KNOTT ST CENTER
MAX
NE THOMPSON ST BUS
T BRIDGE Portland is the 29th largest ON PARAMOUNT APARTMENTS NE HANCOCK ST
U.S. metro area, 16th in N INTERSTATE AVE
NE BROADWAY ST WILLAMETTE transit ridership and the 9th RIVER NE WEIDLER ST in ridership per capita. NE MULTNOMAH ST
NE HOLLADAY ST
STEEL BRIDGE NW GLISAN ST The Lloyd District community has Portland’s award-winning Streetcar NW EVERETT ST been developed as a transit hub service began in 2001 with an SE SANDY BLVD where commuters and visitors can alignment from Portland State NE COUCH ST BURNSIDE BRIDGE catch the MAX, streetcar, or bus all University to Northwest Portland. W BURNSIDE ST E BURNSIDE ST within a short walk. Portland’s largest Today, the Streetcar operates three bike hub, Lloyd Cycle Station, is in lines that connect the downtown
SE 11THAVE SE 12THAVE the neighborhood, and for those Portland to NW Portland, the Pearl, AVE SE GRAND commuting by car, parking is Lloyd District, and the Central MORRISON BRIDGEWILLAMETTE RIVER plentiful. Eastside, bringing nearly 200,000 SE MARTIN LUTHER KING JR BLVD KING LUTHER SE MARTIN SE MORRISON BLVD
riders within walking distance of SE BELMONT BLVD The Red, Blue, Green, and Yellow public transit routes on both the east lines of Portland’s MAX light-rail SW JEFFERSON ST and west sides of the Willamette. SW NAITO PKWY system all have stations in Lloyd HAWTHORNE BRIDGE Center. The MAX lines connect Portland is also home to BIKETOWN, SE MARKET ST downtown Portland to Beaverton a Nike sponsored bike share system SE HAWTHORNE BLVD
(Nike headquarters) and Hillsboro that allows riders to get out and SW HARRISON ST (Intel Campus) to the west, and travel the city by bike from any of Portland International Airport and the 100 stations (6 of which are downtown Gresham to the east. located in the Lloyd Center area. The OMSI Lloyd Center is well-served by Portland Bureau of Transportation traditional bus routes, with stops recently launched a new electric serving the #8, #70, #77, and #157 scooter share program that allows SE DIVISION ST bus lines, as well C-Tran and Bolt bus users to zip around the city using
services that travel from Eugene to e-scooters from Lime, Spin, Razor, SW B
Vancouver, BC. Shared, or Bolt. AR
PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 13 LLOYD DISTRICT
The Lloyd District neighborhood is located in central close-in NE Portland, bordered by the Irvington, Alameda, Boise, and Eliot neighborhoods and is only a short walk from the Paramount. The area is a transportation hub and provides easy access to many diverse neighborhoods across Portland as well as centers of employment.
The Lloyd District is a busy commercial area anchored by large venues like the Oregon Convention Center and OREGON CONVENTION CENTER the Moda Center arena, which hosts the Portland Trail supporting thousands of jobs within the Blazers, big-name musical acts and theatric productions. The Oregon Convention Center is the facility. Consumer spending totals from the Lloyd Center, once the largest shopping mall in the Pacific largest venue in the Pacific Northwest, center’s business amount to more than $500 Northwest, currently being marketed and expected to be and provides outstanding experiences million each year. repositioned in the near future. by embracing innovative approaches and local fl avor. The Convention Center can host complex, large-scale events that MODA CENTER require sophistication and detail. The range of events hosted by the OCC refl ect not The Moda Center opened in 1995, and was only its broad appeal, but also its ability originally named “the Rose Garden.” The to capture Portland culture by embracing arena is home to Portland’s beloved NBA the traditional, alternative, and mainstream team, the Portland Trail Blazers, and the all at once. The OCC strives to provide the WHL Portland Winterhawks. In addition to most modern amenities, excellent customer basketball and hockey, the Moda Center service, and is a pioneer in green practices also plays host to a number of other events, leadership. including concerts, family shows, and other sporting events. The stadium has more The Oregon Convention Center is a than 14,000 permanent seats, with a max cornerstone in Portland’s economy, capacity of nearly 21,000.
PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 14 LEGACY EMANUEL MEDICAL CENTER
The Legacy Emanuel Medical Center is just less than a mile away from the Paramount and acts as a major employer for the area. Founded as Emanuel Hospital in 1912, Legacy Emanuel has 554 beds, and specializes in neonatal care, trauma care, and is recognized nationally for its expertise in critical health conditions. The hospital is home to the Oregon Burn LEGACY EMMANUEL FACTS Center, the only center for burn treatment between Sacramento and Seattle on the west coast, and Randall Opened in 1912 Children’s Hospital, which specializes 554 Beds in neonatal care and cancer treatment.
Specialties: In 2016, Legacy Emanuel received Burn Treatment, Trauma Care, the Mission: Lifeline® Silver Receiving Quality Achievement Award in 2016 Neonatal Care, Urology for implementing improvement measures for patients who have suffered severe heart attacks.
PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 15 02 FINANCIALS
RENT COMPARABLES
SALES COMPARABLES
FINANCIAL ANALYSIS CURRENT
FINANCIAL ANALYSIS PRO-FORMA
PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 16 RENT COMPARABLES - STUDIO
Average Average Property Year Built # of Units Average SF Market Rent Rent / SF
PARAMOUNT APARTMENTS 253 N Broadway 1923 10 475 $931 $1.96 Portland, OR
01 THE UNION ARMS 131 NE Martin Luther King Jr 1908 42 408 $926 $2.27 NORTHEAST Portland, OR PORTLAND 03 02 THE MORLAND 1530 NE 10th Ave 1931 18 400 $995 $2.49 Portland, OR BOISE 03 EMERSON APARTMENTS* 5310 N Williams Ave 1912 26 394 $1,025 $2.60 Portland, OR PARAMOUNT APARTMENT 05 06
04 MONTEREY APARTMENTS 635 NE 23rd Ave 1924 14 446 $1,030 $2.31 02 Portland, OR LLOYD DISTRICT 07 04 05 THE WALDORF 833 NE Schuyler St 1913 18 405 $1,050 $2.59 DOWNTOWN 01 BUCKMAN Portland, OR PORTLAND
06 SILVER COURT APARTMENTS 2170 NE Hancock St 1919 31 415 $1,109 $2.67 Portland, OR
07 CASTLE MANOR 26 1431 NE 21st Ave 1930 37 432 $1,195 $2.77 Portland, OR
Total / Average 1920 27 414 $1,047 $2.53
*Double studio
PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 17 RENT COMPARABLES - 1X1
Average Average Property Year Built # of Units Average SF Market Rent Rent / SF
PARAMOUNT APARTMENTS 253 N Broadway 1923 24 665 $1,097 $1.65 Portland, OR
01 THE UNION ARMS 131 NE Martin Luther King Jr 1908 42 500 $1,011 $2.02 NORTHEAST Portland, OR PORTLAND 04 02 THE WALDORF 833 NE Schuyler St 1913 18 550 $1,085 $1.97 Portland, OR BOISE 03 THE MORLAND 1530 NE 10th Ave 1931 18 650 $1,150 $1.77 Portland, OR PARAMOUNT APARTMENT 02 06 04 EMERSON APARTMENTS* 5310 N Williams Ave 1912 26 556 $1,193 $2.15 Portland, OR 03 LLOYD 07 DISTRICT 05 MONTEREY APARTMENTS 05 635 NE 23rd Ave 1924 14 526 $1,248 $2.37 Portland, OR DOWNTOWN 01 BUCKMAN PORTLAND
06 SILVER COURT APARTMENTS 2170 NE Hancock St 1919 31 575 $1,250 $2.17 Portland, OR
07 CASTLE MANOR 26 1431 NE 21st Ave 1930 37 650 $1,295 $1.99 Portland, OR
Total / Average 1920 27 572 $1,176 $2.06
PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 18 SALE COMPARABLES
# of Year Property Units Built Sale Date Sale Price Price/Unit Price/ SF 01 NORTHEAST NORDEL PORTLAND 2166 NW Irving St 18 1927 Feb-21 $2,900,000 $161,111 $266 Portland, OR
02 THE WHITESTONE 2345 NW Marshal St 19 1926 Jan-21 $3,300,000 $173,684 $220 Portland, OR PARAMOUNT APARTMENTS 04 03 2445 NORTHRUP 02 2445 NW Northrup St 14 1926 Dec-20 $2,425,000 $173,214 $352 LLOYD DISTRICT Portland, OR 03
01 BUCKMAN 04 REGAL MANOR 27 1930 Oct-20 $4,800,000 $177,778 $175 DOWNTOWN 2138 NE Halsey St PORTLAND Portland, OR 06 05 HAWTHORNE COURT 07 1650 SE Hawthorne Blvd 23 1924 Oct-20 $3,600,000 $156,522 $157 05 Portland, OR 26 06 SOUTH GARDEN HOUSE PORTLAND 2238 SE Madison St 12 1923 Jun-20 $2,050,000 $170,833 $212 Portland, OR
07 THE MONTEREY 635 NE 23rd Ave 14 1924 Jun-21 $2,750,000 $196,429 $333 Portland, OR
Total / Average 20 1926 $172,796 $245
PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 19 FINANCIAL ANALYSIS - IN PLACE RENTS
UNIT MIX INCOME Income Annual Per Unit Quantity Type Average SF Average Rent $ / SF Potential Rental Income $785,520 $11,902 10 Studio 455 $903.50 $1.99 Other Income (2020) $16,282 $247 32 Studio + 480 $940.47 $1.96 Utility Reimbursement (2020) $35,881 $544 16 1x1 644 $1,092.81 $1.70 Laundry Income (Est.) $4,000 $61 7 1x1 700 $1,107.14 $1.58 Gross Operating Income $841,683 $12,753 1 1x1 780 $1,095.00 $1.40 Vacancy (5%) ($39,276) ($595) 66 35,894 $65,459.98 $1.82 Effective Operating Income $802,407 $12,158
ESTIMATED OPERATING EXPENSES
Annual % of Exp Per Unit
Real Estate Taxes 2020 $56,851 7.09% ($861)
Property Insurance Est $19,800 2.47% ($300)
Water/Sewer 2020 $31,081 3.87% ($471)
Electricity 2020 $9,280 1.16% ($141)
Garbage 2020 $8,951 1.12% ($136)
Gas/Oil 2020 $13,567 1.69% ($206)
Phone/Cable/Satelite 2020 $7,735 0.96% ($117)
Landscaping 2020 $1,962 0.24% ($30)
Maint/Repair Est $49,500 6.17% ($750)
Turnover Est $9,900 1.23% ($150)
Professional Management Est $30,090 3.75% ($456)
Onsite Management 2020 $74,731 9.31% ($1,132)
Offi ce/Admin Est $10,000 1.25% ($152)
Reserves Est $16,500 2.06% ($250)
Total Operating Expenses ($339,948) 42.37% ($5,151)
Net Operating Income $462,459 $7,007
PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 20 FINANCIAL ANALYSIS - PRO FORMA
UNIT MIX INCOME Income Annual Per Unit Quantity Type Average SF Average Rent $ / SF Potential Rental Income $908,100 $13,759 10 Studio 455 $1,070.00 $2.35 Other Income (2020) $16,282 $247 32 Studio + 480 $1,105.00 $2.30 Utility Reimbursement (2020) $35,881 $544 16 1x1 644 $1,225.00 $1.90 Laundry Income (Est.) $4,000 $61 7 1x1 700 $1,250.00 $1.79 Gross Operating Income $964,263 $14,610 1 1x1 780 $1,265.00 $1.62 Vacancy (5%) ($48,213) ($731) 66 35,894 $75,675 $2.11 Effective Operating Income $916,050 $13,880
The Paramount units are rented at rates below today's market rates. The previous rent survey shows an average price per SF for studio units at $2.53 while the current average price per SF for studio units at the Paramount is OPERATING EXPENSES $1.96/SF. The market average rent per SF for 1 bedroom units is Estimated Expenses Annual % of Exp Per Unit $2.06/SF; The Paramount's current rent per SF for 1 bedroom units is $1.65/SF, with minimal upgrades on turnover, the new investor can Real Estate Taxes 2020 $56,851 6.21% ($861) increase rents with minimal turnover costs. Property Insurance Est $19,800 2.16% ($300)
Water/Sewer 2020 $31,081 3.39% ($471)
Electricity 2020 $9,280 1.01% ($141)
Garbage 2020 $8,951 0.98% ($136)
Gas/Oil 2020 $13,567 1.48% ($206)
Phone/Cable/Satelite 2020 $7,735 0.84% ($117)
Landscaping 2020 $1,962 0.21% ($30)
Maint/Repair Est $49,500 5.40% ($750)
Turnover Est $9,900 1.08% ($150)
Professional Management Est $34,352 3.75% ($520)
Onsite Management Est $64,124 7.00% ($972)
Offi ce/Admin Est $10,000 1.09% ($152)
Reserves Est $16,500 1.80% ($250)
Total Operating Expenses ($333,602) 36.42% ($5,055)
Net Operating Income $582,448 $8,825
PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 21 03 MARKET OVERVIEW
PORTLAND OVERVIEW
PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 22 MARKET OVERVIEW
Portland is considered one of the nation’s most livable cities.
Portland is known for its progressive bike-friendly attitude, lively music CITY OF PORTLAND and restaurant scenes, food carts, Located on the banks of the farmers’ markets, and endless sports-minded, Portland is home of Willamette River only 90 minutes recreation possibilities. Beyond the MLS Timbers, NBA Trail Blazers, from snow-capped peaks and the the metro area residents enjoy the and WHL Winterhawks. Outdoor Pacifi c Ocean, one might not realize Pacifi c Northwest’s natural beauty enthusiasts love Forest Park, the Portland’s bustling downtown via slopes, sails, surf and trails. largest city park in the nation, with and waterfront are the heart of a 5,000 acres of hiking and biking metropolitan region with more than Portland is a walkable and bikable trails, a zoo, public gardens and 2 million people. Twelve bridges city. Within walking distance of beautiful old-growth woods. The span a wide elbow of the Willamette most parts of downtown is the downtown core is connected River, connecting the east and west campus of Portland State University, by one of the world’s leading sides of town. Throughout the metro the world-class Portland Art public transportation systems, a area are thriving neighborhoods Museum, Waterfront Park, Pioneer combination of buses, streetcars, fi lled with restaurants, record shops, Courthouse Square, the Oregon and light-rail trains, putting the bars, funky clothing stores, antique Historical Society, a performing arts entire metro area only a couple malls and art galleries. complex and a concert hall. For the stops away.
PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 23 PORTLAND OVERVIEW
Portland Rankings
BEST PLACE FOR BUSINESS & CAREERS #1 — FORBES
IN US FOR PUBLIC PARK SPENDING #1 — TRUST FOR PUBLIC LAND
MOVING DESTINATION OF 2020 #3 — UNITED VAN LINES, 2021
BEST PLACE TO LIVE IN THE US #9 — US NEWS, 2020
2,753,168 $526,000 34% $22.3B
PORTLAND AREA RESIDENTS VALUE OF EXPORTED MSA POPULATION MEDIAN HOME VALUE WITH A BACHELOR'S DEGREE SHIPMENTS IN 2018
PARAMOUNT APARTMENTS OFFERING MEMORANDUM KIDDER MATHEWS 24 CONTACT
CLAY NEWTON 503.721.2719 [email protected]
JORDAN CARTER 503.221.2280 [email protected]
TYLER LINN 503.721.272 [email protected]
KIDDER.COM