Finding Opportunities in a Pandemic – Vanamor Acquires Blanton Commons in Beaverton, ORadmin2020-05-14T17:37:47+00:00
Finding Opportunities in a Pandemic
Vanamor Acquires Blanton Commons in Beaverton, OR
By: Bobby Larsen, Principal
San Diego, California, May 10, 2020 – Vanamor Inc., a private San Diego-based real estate investor and operator, has announced the acquisition of Blanton Commons in Beaverton, OR.
Blanton Commons is a 32-unit apartment community built in 2018 as well as a Historic Single-Family home commonly known in the community as M.E. Blanton House. The property is located in one of Portland’s most sought-after communities and is situated between Nike’s world headquarters to the east and Intel’s Aloha campus to the west. The immediate location offers residents access to major employment centers and adjacent to the TriMet bus line which connects to both the WES commuter rail and MAX light rail. Other nearby high-tech companies include Airbnb, Nvidia, Salesforce, and more. Vanamor plans to enhance the unit interiors with light interior upgrades and significantly expand the property through the addition of common area amenities.
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According to Bobby Larsen, Vanamor’s Principal and Chief Executive Officer, “Having acquired over 2,300 units in the Portland MSA through other joint ventures, we are excited to bring the dynamic growth market to Vanamor’s portfolio. As we have already seen through the resiliency of the Property during the pandemic, Blanton Commons is not only insulated from downward pressures but also well-positioned to capitalize on future growth trends.”
Blanton Commons marks Vanamor’s first acquisition in the Portland market. The Company is targeting further acquisitions in Oregon, Washington, Arizona, California, Texas, Florida, Colorado, and Nevada.
Vanamor (www.vanamor.com) is a privately owned real estate owner and operator investing in multi-family assets for private investors. The Company is led by leaders in the industry that have collectively acquired over 31,000 units representing a total value of over $6 billion throughout their careers. Vanamor is vertically integrated with in-house expertise in acquisitions and underwriting as well as asset, construction and investment management.
P o s t e d b y:
Bobby Larsen, Principal
Bobby founded Vanamor in 2019 and serves as its founding Principal. The Company strategically invests in multifamily communities throughout the United States through syndications and joint ventures with high net-worth, family office, and institutional investors. Under Bobby’s leadership, Vanamor is known as a dynamic, vertically integrated organization, and a leading investor of middle-market multifamily properties located across the United States. The Company embraces technology to enhance community living as well as reduce operating expenses across its portfolio.
With over 12 years of real estate experience, Bobby has led the acquisition of approximately 12,000 units with a total value in excess of $3.5 billion in California, Washington, Portland, Arizona, and Nevada. On average, investor level returns on sold properties have averaged in excess of a 24% annual return. Prior to founding Vanamor, Bobby was the Director of Acquisitions for MG Properties Group where he led the expansion of the company’s portfolio from 12,000 apartments to over 21,000 apartments across the Western United States.
Bobby holds a Bachelor of Science degree in Business Administration, emphasis in Real Estate Finance from the University of Southern California, and an MBA from Duke University.