Business Wire·Sep 11, 2026, 12:11 PM ET

$83 Million Sale of Two Oregon Multifamily Assets Brokered by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of two Oregon multifamily assets: the 257-unit Oak Vale in Corvallis and the 181-unit Anjou Club in Talent.
The two properties traded for a combined total of $83 million.
Anthony Palladino, IPA senior director of investments, noted that the properties have maintained a 96.5% average occupancy rate over the last five years.
The Corvallis market is described as one of the state's strongest, while Talent is a Medford suburb projected to gain over 31,000 residents by 2045.
IPA representatives Palladino, Assouad, Napoli, Harmon, & Ruggiero, along with broker David Tabata, represented seller Bender Equities and procured buyer Verdant Development Inc.
Andrew Leahy, national director of IPA Multifamily, stated that investor demand remains strong for well-located assets in the Pacific Northwest where new supply is limited.
Oak Vale sits on over 16 acres near Oregon State University, features 31 buildings, and includes amenities such as a movie theater, fitness center, and walking trails.
Anjou Club is located near Southern Oregon University on nearly 14 acres, contains 22 buildings with an average unit size of 950 square feet, and offers a pool, tennis court, and clubhouse.
Marcus & Millichap reported closing 8,818 transactions with a sales volume of $50.8 billion in 2025.