REALM Partners with HP Investors to Acquire 300 Building in Portland's Pearl District

REALM’s New Acquisition: The 300 Building in Portland

In a significant move to bolster its urban investment strategy, REALM, in collaboration with HP Investors, recently announced the acquisition of the 300 Building. This mixed-use property, covering 42,000 square feet, is strategically located in Portland's dynamic Pearl District. With the property already fully leased, this acquisition perfectly aligns with REALM's focus on obtaining cash-flowing, high-quality opportunities in urban settings.

Constructed in the 1940s and extensively renovated in 2012, the 300 Building stands out with its modern infrastructure and creative design tailored for efficient use. The building has been described as a 'jewel box,' providing a compact yet functional space fit for various tenants. Currently, it boasts a diverse roster of occupants, including local co-working spaces, media-based entities, and event-hosting restaurants, all contributing to a robust cash flow.

The Pearl District, once a thriving industrial rail yard, has undergone a remarkable transformation over the last two decades into one of Portland's most sought-after neighborhoods. The area is characterized by its high-density residential developments, excellent retail environments, and proximity to the Central Business District (CBD). It provides an impressive array of amenities such as parks, boutique shops, restaurants, and breweries, making it a vibrant place for both work and leisure. Additionally, the district showcases excellent walkability and convenient access to public transportation, including multiple streetcar lines and immediate access to Interstate 405.

Travis King, the Founder and CEO of REALM, expressed enthusiasm about the acquisition, stating, "REALM's latest acquisition of 300 NW 14th Ave in Portland exemplifies our investment criteria—securing a high-quality, well-amenitized building in a prime location at an attractive price point." King views Portland as a city promising a high quality of life, conducive to fostering continuous business growth and community engagement.

As part of its strategy for managing the 300 Building, REALM intends to restructure current tenant agreements and undertake specific enhancements to the property. This proactive approach aims to maximize the building’s earnings potential while ensuring that the investment aligns with their broader mission of achieving steady cash flow coupled with substantial value-add opportunities.

REALM operates as a specialized investment collective, bringing together over 100 ultra-high-net-worth individuals, family offices, and foundations focused on direct real estate investments. With a commendable track record, REALM boasts over $6 billion in real estate transactions across various property types and locations, emphasizing their expertise in identifying attractive investment opportunities based on both performance and community impact.

In conclusion, the acquisition of the 300 Building marks another step forward for REALM in solidifying their presence within Portland’s real estate market. As they continue to navigate through urban investment landscapes, REALM’s strategy remains rooted in relationship-driven ownership that ultimately seeks to enhance community vibrancy while achieving superior returns for its investors.