3/27/2008

RPM Investments acquires North Poine Apts. for $12.37M

by

North Pointe Apartments

Los Angeles, Calif.-based RPM Investments, Inc. has purchased the North Pointe Apartments in Corvallis, Ore., for $12.37 million from Seattle, Wash.-based North Pointe Apartments NW, LLC.

The deal was brokered by Phil Oester of Hendricks & Partners.

The North Pointe Apartments contain 160 units on 7.6 acres. The complex is located at 2675 Lancaster St. and was built in 1996. All the units in the property are two-bedroom/one-bath.

Earlier this month, Oester brokered the sale of the Bailey Hill Meadows apartments in Eugene. He represented Denver, Colo.-based Bailey Hill Meadows, LLC in the deal.

Address: 2675 Lancaster St., Corvallis, Ore.

Size: 160 units

Built: 1996

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Filed Under: Multi-Family

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