Hidden Villas

October 20, 2016 Comments Off on Trion Acquires Value-Add MF in Beaverton Submarket Views: 248 National News, Oregon, West

Trion Acquires Value-Add MF in Beaverton Submarket

Trion Properties acquired the 61-unit Hidden Villas in the Portland, OR submarket of Beaverton. The Los Angeles-based buyer paid approximately $7 million to acquire the asset from a private family investor. The buy is Trion’s fourth in the area.

Hidden Villas, at 14620 S.W. Farmington Rd., was delivered in 1968. The property consists of two separate parcels: a 56-unit apartment community, and an additional five-unit property adjacent to Farmington Road. The acquisition is a value-add play for Trion.

Liz Tilbury and Ben Murphy of Tilbury Ferguson Investment Real Estate, Inc. represented both the buyer and the seller in this transaction. Acquisition financing was arranged by Continental Funding Group through Intervest Bank ,with a loan-to-value of 70 percent.

Connect with Trion Properties

Connect with Tilbury Ferguson Investment Real Estate

For comments, questions or concerns, please contact Amy Sorter

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , ,

Comments are closed.