JLL has arranged $39.98 million in acquisition financing for a portfolio of three senior housing communities totaling 344 units in Eugene and Springfield, Oregon, on behalf of a local operator.

JLL worked on behalf of the borrower to secure the three-year, floating-rate regional bank financing. Proceeds were used to acquire the three properties. The JLL Seniors Housing Capital Markets team representing the borrower was led by Senior Director Alanna Ellis and Associate Alex Sheaffer. “This portfolio represents a tremendous addition to this operator’s portfolio,” said Ellis. “JLL was excited to work alongside our client  to achieve very favorable financing.”

The portfolio consists of Evergreen Senior Living, Timber Pointe and Woodside Senior Living, which together offer 43 independent living, 245 assisted living and 56 memory care units. All of the properties were built between 1996 and 2006 and the properties were fully renovated in 2021.

Landmark Properties has launched The Standard at Eugene, a 703-bed, 247-unit student housing development at 435 E. Broadway in Eugene, Oregon.

The Standard at Eugene is Landmark’s first student housing community near the University of Oregon, just steps from the campus and a quick walk from the Market District and downtown Eugene. The property has more than 265,000 square feet of residential space in a mix of studio to five-bedroom units.

Opening to residents in September 2024, the seven-story residential community was designed by Ankrom Moisan Architects, with Landmark Construction, the in-house construction arm of Landmark Properties, serving as general contractor.

The community is Landmark Properties’ second development in Oregon. Landmark delivered The Retreat at Corvallis, near Oregon State University, in the Fall of 2015. Additionally, Landmark acts as a third-party manager for Sierra Student Apartments, which is also near Oregon State University.

Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, provided $58.8 million in bridge financing for Solis at Petrosa, a newly constructed 260-unit apartment complex in Bend, Oregon.

Proceeds from the loan will go towards refinancing the borrower’s existing construction debt and fund an operating reserve to facilitate lease-up. Lake Oswego-based McBride Capital brokered the transaction for a repeat Dwight client, Pahlisch Commercial.  Proceeds from the loan refinance the borrower’s existing construction debt and fund an operating reserve to facilitate lease-up. 

Situated on nearly 10 acres of land, the property consists of eight three-story buildings and one four-story building. Its amenities include a pool, a community lounge equipped with a full kitchen, a fitness room, and a golf simulator room. Solis at Petrosa is located directly opposite Pine Nursery Park, a sprawling 159-acre space offering a variety of recreational facilities such as sports fields, pickleball courts, fishing ponds, trails, and a dog park.

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An Oracle-occupied data center in Oregon has been sold to a new landlord. Commercial real estate firms Five 9s Digital and Romans Properties advised an unnamed institutional client in acquiring the 91,000-square-foot single-tenant data center in Hillsboro, Oregon.

The asset sold for $31.75 million. Oracle is the only tenant in the facility and recently extended its lease. The company also operates a second adjacent facility at 3295 NE 83rd Avenue, reported DCD.

Five 9s Digital offers national data center real estate solutions, brokerage, consulting and development services. Romans Properties is a Charlotte-based full-service brokerage that specializes in data centers and commercial properties.

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