Meadow Creek: Pacific Urban Investors Expands in Portland Metro with Strategic Acquisition

Pacific Urban Investors, a prominent player in the multifamily real estate market, has successfully expanded its Portland metro presence with the acquisition of Ansley Murrayhill, previously known as Meadow Creek, a significant apartment development with 304 units located in the affluent Murrayhill neighborhood, Tigard, Oregon. This strategic acquisition increases Pacific's broader Portland footprint to 2,610 units across 10 housing properties. Originally built in 1985, the development offers a significant 'value-add' opportunity by enhancing its existing structures, which include a clubhouse and various leisure and lifestyle amenities such as a fitness center, swimming pool, and dog park. Vice President of Investments, Zach Williams, emphasized the site's appeal due to its strategic location that promises convenient commutes to major employers, including Nike and Intel. John Fluke, Managing Director of Investments, highlighted the scarcity and uniqueness of the property, given its size, intrinsic market value, and the potential for upmarket tenant investment, which further underscores the site's lucrative prospects. Pacific Urban Investors, headquartered in Palo Alto, California, manages over $8.5 billion in assets with a national portfolio exceeding 23,000 units, employing strategies tailored from core investments to 'vintage core' and deliberate value enhancements, primarily driven by proficient fiduciary obligations carried out among a range of institutional pension funds and other capital partners.