EAH Housing has announced plans to acquire Catholic Charities of Oregon’s 19-property affordable housing portfolio.
The transaction, subject to regulatory approvals, will place more than 1,000 units under the ownership of EAH Housing, one of the largest nonprofit affordable housing developers and managers in the West, serving more than 25,000 people across more than 240 communities in California and Hawaii.
The Oregon portfolio will mark the organization’s first presence in the Pacific Northwest.
“For nearly 60 years, EAH Housing has been guided by a simple belief: that affordable housing is the foundation of healthy, thriving communities,” said Laura Hall, president and CEO of EAH Housing. “The Pacific Northwest is facing a housing affordability crisis that demands urgency and long-term commitment. Families and seniors across Oregon are being priced out of the communities they call home, and the need for stable, well-managed affordable housing has never been greater. This expansion is a natural extension of our mission, and we look forward to listening to and learning from Oregon residents and partners as we build our presence in this region.”
The portfolio spans the Portland metropolitan area, Eugene, Sandy, Happy Valley, and more cities, and includes family, senior, and supportive housing communities. Guardian Real Estate Services will continue managing the properties following the ownership transition.
For Catholic Charities, the move allows the organization to focus its resources on direct services, said officials. It plans to continue providing supportive services to residents in partnership with EAH Housing.
“Catholic Charities got into affordable housing to serve people. That purpose has not changed. What has changed is our understanding of where we can make the greatest impact,” said Kaleen Deatherage, CEO of Catholic Charities of Oregon. “Transitioning these properties to EAH Housing allows them to remain in the hands of a nonprofit deeply committed to affordable housing, while Catholic Charities concentrates our resources and expertise on what we do best—walking alongside people who are vulnerable and helping them move toward greater stability. This is a mission-forward decision and an important act of stewardship for the future of our organization.”
The two organizations have been working together on the transaction since the beginning of the year. Purchase and sale agreements are now in place, with financial closings and property transfers occurring on a rolling basis as approvals are received. The full transaction is expected to be completed in the second quarter of 2027.
Jackson Ross of Newmark’s Affordable Housing Advisors team represented the seller in this transaction.