{
"markdown": "Portland OR, Mixed-Use\n\n\n[ORANGE_DOT_PATTERN_HEXAGON]\nREADY CAPITAL\u00ae\n\n\n\n\nA high-angle, wide-shot photograph of a dense urban cityscape during sunset. The focal point is a prominent, tall modern skyscraper with a glass facade that reflects the sky. The building has a stepped, tiered design with a lighter-colored base and a darker, reflective upper section. The surrounding city consists of various mid-rise and high-rise buildings of mixed architectural styles, interspersed with green trees. The sky above is a gradient of soft purples, pinks, and blues, indicating either sunrise or sunset. The lighting is warm and golden, casting long shadows and highlighting the reflective surfaces of the glass buildings.\n\n\n\nA photograph of a modern, luxury hotel suite living room interior. The room features floor-to-ceiling windows on the left wall, offering a cityscape view. A curved, light-yellow and grey sofa sits in the foreground, facing a wooden coffee table and a grey armchair near the window. A wall-mounted flat-screen television is centered on the right wall above a low, minimalist grey console table. A doorway on the right leads into a bedroom, where a made bed with white linens is partially visible. The floor is covered with a grey and white patterned carpet. A cylindrical structural column stands between the sofa and the windows. The lighting is bright and natural, coming from the large windows.\n\n\n\nA photograph capturing a luxurious indoor infinity pool located on a high floor, offering a panoramic view of a city skyline through floor-to-ceiling glass windows. The pool features turquoise water and is bordered by a metal handrail on the right side. The ceiling above the pool is reflective, creating a mirror-like effect of the water below. To the left of the pool, a row of comfortable, modern lounge chairs with grey cushions and white pillows are arranged in a line. Potted green plants are placed near the chairs and along the wall, adding a touch of nature to the sleek, modern interior. The overall atmosphere is serene and upscale, characterized by clean lines, natural light, and urban vistas.\n\n\n\nA high-angle, interior photograph of a modern, upscale restaurant dining area. The space features a curved, dark leather banquette seating arrangement on the left, curving along a wall accented with vertical, wave-like wooden slats that extend onto the ceiling. Several square dining tables are arranged in a row along the banquette, each set with place settings and glassware. To the right of the banquette, additional tables and chairs with light-colored, woven-back seats are arranged. In the background, a central bar or service station area is illuminated with warm, golden-orange ambient lighting. The overall atmosphere is sophisticated and moody, with large windows visible in the background, suggesting a high-rise location.\n\nQUARTERLY UPDATES\n- The four-phase condo sellout strategy is ongoing, whereby unit pricing will increase in subsequent phases. Thirty-two\nunits have been sold YTD ($745 WA PPSF).\n- Twenty-three of the twenty-five fully reserved Phase 1 condos have sold year-to-date. One unit converted from\nReservation Agreement to Purchase Agreement with a hard deposit and one Phase 1 unit remains under reservation\nwith a refundable deposit.\n- Phase 2 (31 units) launched in February 2026. Nine Phase 2 units sold year-to-date, and two units are under\nPurchase Agreement to date.\n- Hotel revenue performance has improved year-over-year, with total March 2026 TTM RevPAR up 8% to $372, driven\nby a 5% increase in occupancy to 46% and 13% increase in Room RevPAR to $221 compared to March 2025 TTM.\n- Marriott's targeted room rate reduction strategy implemented in Q4 2025 continues to yield RevPAR improvement,\nwith January, February and March 2026 Room RevPAR up 23%, 31%, and 22%, respectively, compared to the SPLY.\n\n\n# RITZ-CARLTON HOTEL\n\n- 251 rooms (floors 8 - 20)\n- Amenities:\n- Lobby lounge\n- Bellpine restaurant and bar;\nMeadowrue restaurant\n- Ritz-Carlton Club\n- Meeting & Event space\n(12,222 sf)\n- Business center\n- Fitness center, full-service\nspa and swimming pool\n\n\nKey Metrics (3/31/2026 TTM) \n\u2022 Occupancy: 45.8% \n\u2022 ADR: $482 \n\u2022 Room RevPAR: $221 \n\u2022 Total RevPAR: $372 \n\nOFFICE/RETAIL\n- Class A office: 158,577 sf (floors\n3- 7)\n- Office Tenants:\n- Davis Wright Tremaine LLP\n- Fisher & Phillips\n- Banneker Partners\n- Retail: 10,638 sf (floors 1- 2)\n- Retail Tenants:\n- The Flock (food hall)\n- Mahler Jewelers\n\n\nKey Metrics (3/31/2026 Rent Roll)\n\n