136 Units — Portland Metro
Caldera at Sunnybrook
Year built: 1980
Location: Clackamas, Oregon
Submarket: Sunnyside Damascus
Purchase price (Nov 2017): $19 million
1031 exchanges: 5
Equity invested: $8.3 million
In the News
This property’s location at the base of Mt. Talbert— an ancient volcanic cinder cone just 10 miles southeast of downtown Portland, Oregon— provided IMG a unique rebranding and repositioning opportunity.
IMG acquired this owner-managed property off-market. Poor operating performance and an outdated amenity set had resulted in rental rates 20% below market. Under IMG’s ownership, on-site management has strengthened and over $1M in improvements have been completed.
Residents are drawn to the area’s abundant outdoor recreation, major employment hubs and upper-end retail centers all within close reach.