Amara

JLL Capital Markets is pleased to present Amara (the “Property”), a 138-unit transit-oriented community located in Portland’s thriving Pearl District. Situated one block away from the world-famous Powell’s bookstore and adjacent to the North Park Blocks, Amara benefits from an abundance of retail and recreation options that the vibrant Pearl District has to offer. Constructed in 2022, the community features ultra-modern unit interiors with luxury finishes including gas ranges, tile-tub surrounds, and air conditioning. An array of community amenity spaces elevate the live-work-play experience, including a 24-hour fitness center, rooftop deck with BBQ grills, resident lounge, and outdoor courtyard and patio.

The offering of Amara presents the opportunity to acquire a highly-amenitized asset with luxurious finishes in the acclaimed Pearl District at a significant discount to reproduction cost. Additionally, Amara is favorably positioned to benefit from improving multi-housing supply and demand fundamentals, as activity returns to Downtown Portland and the construction of new multi-housing supply has come to a complete halt.