The Landings at Morrison

JLL Capital Markets is pleased to present The Landings at Morrison (the “Property” or “Community”), a 225-unit garden-style community located in the rapidly growing Gresham submarket. The Property’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 Gresham. Consistent population growth combined with developable land constrained by the urban growth boundary has created favorable supply and demand fundamentals in Gresham, as only 1,543 market rate multi-housing units have delivered since 2010 despite 10% population growth (a 14,316-population increase).

The Landings at Morrison presents an opportunity to acquire a rare, gated community at a discount to reproduction cost, featuring spacious floor plans, 9-foot ceilings, and in-unit laundry. Residents benefit from an abundance of indoor and outdoor community amenity space, including a swimming pool and spa, 24-hour fitness center, luxurious clubhouse, dog park, game room, basketball court, and playground. The business-friendly incentives and rapid expansion of Gresham have fueled demand for modern housing, ideally positioning the community to capture rent growth and value-add upside through further interior renovations.