May 10, 2018
Trion Properties acquired three multifamily assets totaling 174 units in the Portland, OR area for a combined $24.2 million. The properties include a portfolio of two multifamily communities, Menlo Square Apartments (pictured) and Center Square Apartments, totaling 103 units in Beaverton, as well as Maple Tree Apartments, a 71-unit multifamily community in neighboring Tigard.
Center Square Apartments is a 62-unit garden-style property at 12310 SW Center St. The new owner plans to complete strategic value-add upgrades to all units. Menlo Square Apartments is a 41-unit garden-style complex located at 5930 SW Menlo Dr. HFO’s Cody Hagerman and Tyler Johnson represented both the buyer and seller of both deals.
Maple Tree Apartments is located at 10890 SW Canterbury Lane. Tilbury Ferguson’s Liz Tilbury and Ben Murphy represented both the buyer and seller.
The Westside acquisitions boost the Los Angeles-based firm’s holdings in the greater Portland area to nine properties, totaling more than 530 units.
For comments, questions or concerns, please contact Dennis Kaiser