Gelt Acquires Powell Valley Farms Apts in Gresham

Los Angeles-based Gelt, Inc. acquired the 228-unit Powell Valley Apartments at 1500 SW Pleasant View Dr. in Gresham, OR for $39.5 million, or approximately $173,000 per unit, from Jackson Square Properties. The seller acquired the asset in June 2015 for $27.8 million ($122,000 /unit) from a private investor, according to CoStar data. div.comp {font-size:0.8em;line-height:1.2em;float:right;font-family:”arial”;clear:right;padding:2px 0px 0px 5px…

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