Portland Portfolio
South Portland, ME
Location:
South Portland, ME
Date Acquired:
May 6, 2016
Purchase Price:
$87.50M
Asset Size:
620 units
Two vibrant communities near the Maine coast
4 Liberty Lane South, Portland, ME 04106
62 MacArthur Circle, South Portland, ME 04106
The Portland Portfolio is comprised of two properties, Liberty Commons, a 120-unit community, and Redbank Village, a 500-unit community. The properties are adjacent to one another and share a clubhouse and amenities, allowing for operational and management synergies. The Portfolio is located in South Portland, Maine at the nexus of interstates 95 and 295, offering easy access to downtown Portland, an attractive secondary market known for its stable economy, high-caliber restaurants, and an excellent quality of life.
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Jones Street has the expertise to find attractive risk-adjusted returns.