Swickard Acquires 90% Stake in Portland’s Park Avenue West
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Jeff Swickard, president and CEO of Swickard Group , has acquired a 90% interest in Park Avenue West, the fourth-largest building in downtown Portland and the latest prominent high-rise in his nearly $250 million inve…
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