Walnut Creek, CA (January 7, 2020) — PTLA Real Estate Group announced they completed the sale of Ridgewood Condominiums on December 12, 2019.
After a 5-year hold, the property in Medford, OR sold for $18,500,000 and provided investors with a 91% total return, or a 15.4% IRR. PTLA secured a 1031 exchange for investors with the purchase of a property in Portland, OR. This transaction provides a great example of the lifecycle of a PTLA asset, but this performance is not an indicator of future success.
The property was purchased by Seattle-based Investors Capital Group. CBRE represented PTLA as broker for the sale.
ABOUT PTLA REAL ESTATE GROUP
PTLA Real Estate Group is an independent company that acquires and manages residential and commercial real estate with a specific focus in the West Coast market. In our 50 year history, we have built a team and company centered around the goal of achieving a higher standard of excellence. For more information, please visit our website at www.ptlareg.com.