San Diego-Based Firm Adds 103 Portland Units to Portfolio
Online PR News – 31-August-2021 – San Diego – Portland-based Urban Asset Advisors (UAA) has tapped Sunrise Management – which has specialized in the management of residential real estate since 1978 – to direct all leasing and day-to-day operations for three Portland area multifamily properties: Artisan Apartments, Abernethy Flats and Broadway Flats.
Totaling 103 units, all three communities – owned by UAA – are newly upgraded and located in the downtown Portland area. Highlights include:
Artisan Apartments, 3301 SE Division St. Portland – 54 beautifully appointed studio and one-bedroom apartments developed by UAA in 2020.
Abernethy Flats, 2014 SE 11th Ave, Portland – 35 spacious and light filled studio and one-bedroom apartment homes developed by UAA in 2019.
Broadway Flats, 2007 NE Broadway – Portland,14 studio and one- bedroom apartment homes built in 2013.
According to Dennis Mitchell, regional vice president for Sunrise Management, his company has a rapidly growing Portland presence now encompassing 19 properties and 1,271 units. “We are thrilled to partner with UAA – one of the region’s top developers – on these class A projects,” he said. “Portland has a robust multifamily market and we look forward to further expanding our portfolio here.”
About Sunrise Management
Founded in 1978, Sunrise Management is a privately-owned San Diego-based firm specializing in the management of residential real estate properties. The firm currently has regional offices in Sacramento, Portland, Las Vegas and Phoenix, overseeing more than 13,000 multifamily units throughout the West. For more information, visit http://www.sunrisemgmt.com.
About Urban Asset Advisors (UAA)
Urban Asset Advisors is a Portland-based real estate investment and development firm specializing in residential mixed-use projects throughout several west coast markets. UAA is committed to acquiring, operating, developing, and repositioning high-performing real estate within a proven investment platform. Their portfolio includes over 1,700 units with an overall value of close to $500 million in the past eight years. Learn more at http://www.uaapdx.com.