JLL Arranges $170M for Luxury Housing Communities in Portland
JLL has arranged $169.7 million in financing for Willamette Tower and The Olivia, two luxury multi-housing communities located in Portland, Oregon.
JLL worked on behalf of the borrower, a partnership between Alamo Manhattan and Diamond Realty Investments, to arrange the three-year bridge loan with TPG Real Estate Credit, the real estate finance arm of leading global alternative asset management firm TPG. The JLL Debt Advisory team representing the borrower was led by Director Charlie Watson and Senior Managing Director Casey Davidson.
Newly built in 2024, Willamette Tower is a luxury high-rise community featuring 340 units and 3,777 square feet of commercial space. The Olivia was completed in 2023 and consists of 232 units in a podium-style building with 10,673 square feet of commercial space.
“Willamette Tower and The Olivia are two of Portland’s top-tier assets, poised for long-term rental growth and success, particularly due to the lack of multi-housing deliveries the city is anticipated to see in the next few years,” said Watson.
Be there for insights from multifamily industry leaders on Sept. 11, when Connect Conferences will hold a nationwide in-person event. Register here for Connect Apartments 2025, taking place in Los Angeles at the Fairmont Century Plaza.
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