Kensington purchased the Sherwood Lofts in 2011 as an REO from Columbia Bank at roughly thirty percent of replacement cost. The original developer built the asset as a higher end mixed-use condo project and was 50% vacant at the time of Kensington’s acquisition. The property, with its convenient location in Old Town Sherwood was repositioned to 100% occupancy and also houses Kensington’s Portland office.

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