Transit-Oriented Community Features 134 Apartment Homes in Walkable Neighborhood

PORTLAND – July 21, 2015 – Mill Creek Residential, a leading multifamily developer, investor and operator specializing in premier apartment communities across the U.S., today announced that it has begun leasing up its newest apartment community in Portland – Modera Goose Hollow.

The transit-oriented apartment community, which features 134 apartment homes, is located in the Goose Hollow neighborhood at 2004 SW Jefferson St in the West End of Portland. Nestled in one of Portland’s oldest neighborhoods, Goose Hollow offers a modern, walkable lifestyle with an active light rail system providing service throughout Portland, its suburbs and the Portland International Airport.

“Portland continues to show substantial growth in demand for new apartment homes, ranking 7th in multifamily rent growth in the country at 8 percent, according to Axiometrics,” said Sam Rodriguez, Senior Managing Director for the Northwest for Mill Creek Residential. “Modera Goose Hollow will offer the kind of walker-friendly, transit-oriented lifestyle today’s renters are looking for in an apartment community. We believe Modera Goose Hollow and the Portland market will prove to be an excellent investment for Mill Creek and our partners.”

The Goose Hollow/Jefferson Street MAX Light Rail Station—just steps from the front doors of Modera Goose Hollow—offers easy transportation to major job centers and employers, including Nike and Intel, as well as shopping destinations, dining establishments and entertainment venues located throughout downtown Portland. For residents with longer commutes to areas without light rail service, I-405 and Highway 26 are just a short drive from the community. Modera Goose Hollow is also within a few short blocks of Portland State University and the many retailers and restaurants along SW Jefferson Street.

Inside the brand-new community, residents will have access to a host of lifestyle enhancing amenities, including views of the Vista Bridge and downtown Portland, secured bike parking with bike maintenance area and a rooftop terrace with fireplace and barbecue. The apartment homes will feature city, mountain and green space views along with high-end finishes and features, such as quartz countertops, wood-plank style flooring and custom kitchen cabinets, as well as modern light fixtures and walk-in closets.

“Modera Goose Hollow’s amenities and features were all selected with their environmental impact in mind, as we are targeting LEED for Homes Gold certification for the community,” Rodriguez said. “The community will further enhance the City of Portland’s commitment to providing a sustainable and environmentally friendly living environment for its residents.”

With the addition of Modera Goose Hollow Mill Creek Residential now owns and operates four apartment communities, representing 855 apartment homes, in the Portland market.