Warren Buffett Bets on Portland with $88 Million Apartment Purchase
The Oracle of Omaha sees value in Stumptown.
By Anthony Effinger July 15, 2025 11:07PM PDT
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Who’s crazy enough to buy an apartment building in Portland, where renter protections are among the toughest in the nation and many city councilors are skeptical about capitalism?
Warren Buffett, the billionaire Oracle of Omaha, that’s who. An entity controlled by Buffett’s Berkshire Hathaway conglomerate paid $88 million for the 265-unit Peloton Apartments on North Williams Avenue between North Mason and Skidmore streets on June 16, according to public records.
Including the Peloton, Berkshire Hathaway owns three apartment buildings in Portland, according to its website.
Buffett, 94, made his fortune by purchasing assets at bargain prices. His investment mantra is “Be fearful when others are greedy and be greedy only when others are fearful.”
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Source:
https://www.wweek.com/news/2025/07/15/wa...land-with-88-million-apartment-purchase/
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