fern ridge

Second Property Acquired in Eugene, OR

Walnut Creek, CA (June 18, 2021) – PTLA Real Estate Group announced the acquisition of their second Eugene, OR student housing property, Fern Ridge, which was purchased via a 1031 exchange for their clients. The 26-bed property, located in the West University Neighborhood, is less than half a mile from the University of Oregon campus. The property will be renovated and rebranded.

The company has purchased four student housing assets this year in as many markets, adding to their nearly 2,000 student housing units under management.

This acquisition continues PTLA’s current investment strategy, and they plan to continue expansion. “We see a lot of opportunity in Eugene student housing, and it is exciting to grow our presence in the market and find strong investments for our clients,” said Peter Wilson, President of PTLA.

 

ABOUT PTLA REAL ESTATE GROUP

PTLA Real Estate Group is an independent company that acquires and manages 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.

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