Tall Firs and Lantern Lane 2 Properties Offered at $10,553,155 CAD in Portland, OR

JLL, as an exclusive advisor, is pleased to present the opportunity to acquire Tall Firs and Lantern Lane (the "Portfolio"), a 5.96-acre manufactured housing portfolio located in the rapidly growing Gresham submarket of Portland, Oregon. The offering consists of two manufactured housing properties with 97 total sites, currently 66% occupied. The Portfolio's central location within the submarket and proximity to public transit creates immediate accessibility to several of the region's largest economic drivers, which have experienced rapid expansion due to the business-friendly economic incentives of the Eastside. The asset has demonstrated consistent occupancy stability and year-over-year rent growth, benefiting from favorable supply and demand fundamentals in the area.
The Eastside has seen a 10% population growth (a 14,316-population increase) since 2010, while only 1,543 market rate multi-housing units have been delivered during the same period, partly due to developable land being constrained by Portland's urban growth boundary. This imbalance has created a strong demand for affordable housing options. Future investors have the potential to capitalize on Gresham's robust real estate market and the existing zoning that may permit various residential developments. The properties could attract a mix of long-term residents, young professionals, and families seeking more affordable housing options within the Portland metropolitan area, supported by the region's strong job market, particularly in technology and manufacturing sectors.