BRIDGE Housing Acquires 340-Unit Bethany Meadows to Preserve Affordable Housing

November 7, 2024

BRIDGE Housing acquired Bethany Meadows, a 340-unit income-restricted apartment community near Beaverton in the Portland metro area, to permanently preserve long-term affordability for households earning up to 60% of AMI. The purchase (reported at approximately $64.6 million) preserves affordability restrictions that were set to expire in a few years and is financed in part through BRIDGE's revolving credit facility backed by Morgan Stanley and National Equity Fund.

Buyers
BRIDGE Housing
Targets
Bethany Meadows
Industry
Real Estate
Location
Oregon, United States
Transaction Type
Buyout

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