PORTLAND, OR – August 7, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $66 million sale of and financing for Axcess 15, a 202-unit, transit-oriented apartment property in the Lloyd District of Portland, Oregon.

The HFF team represented the seller, Waterton, and procured the buyer, MG Properties Group.  Additionally, the HFF team worked on behalf of the new owner to secure a loan through Freddie Mac’s CME Program.  The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.

Located at 1500 NE 15th Avenue, Axcess 15 is within a short distance to several grocery stores and other retail and entertainment amenities, including Lloyd Center Mall, Moda Center and Oregon Convention Center.  The four- and five-story property features a mix of one- and two-bedroom units averaging 851 square feet as well as more than 18,000 square feet of 100-percent-leased ground-floor retail.  Community amenities include a 24-hour fitness center, business center, resident lounge, landscaped courtyards and controlled access parking.  Unit amenities include open layouts with breakfast bars, in-unit washers and dryers, and balconies or patios.

The HFF investment advisory team representing the seller included senior managing director Ira Virden and director Carrie Kahn.

HFF’s debt placement team representing the borrower consisted of senior managing director Charles Halladay and directors Scott Gilson and Rick Salinas.