MacNaughton Acquires Elm Row in Portland Oregon

MacNaughton is proud to announce its acquisition of Elm Row, a prestigious mixed-use apartment community nestled in the heart of Portland's University District.

Constructed in 1988, Elm Row has been an iconic 13-story, 191-unit high-rise, occupying a full city block in Portland. With a rich history of 36 years under the ownership of a single institutional investor, Elm Row has become synonymous with quality living and community vibrancy.

"We are thrilled to welcome Elm Row into the MacNaughton family," said Ian MacNaughton, Chief Executive Officer at MacNaughton. "This acquisition represents a significant milestone in our strategic growth plan, further solidifying our presence in the multi-family investment market."

Elm Row marks the second multi-family apartment community with over 100 units in the Pacific Northwest owned by MacNaughton. Leveraging its expertise in development and management, MacNaughton aims to elevate Elm Row's offerings while preserving its unique character and charm.

"Elm Row presents an exciting opportunity for us to enhance the resident experience and contribute positively to the University District community," added Emily Porter, Chief Operating Officer at MacNaughton. "We look forward to collaborating with local stakeholders and residents to ensure Elm Row remains a sought-after destination for urban living in Portland."

For more information about Elm Row, visit https://www.liveelmrow.com.