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JLL Handles $34M Silicon Forest MF Deal
Terra Murrayhill, a 137-unit, garden-style apartment community in Beaverton, OR, has traded hands for $34.1 million. JLL marketed the property on behalf of the seller, a West Coast-based investor reportedly Pacific Urban Residential, and procured the buyer, DB Capital Management.
The property is located near major tech employers within what is known locally as the “Silicon Forest.” Terra Murrayhill sits on roughly nine acres at 14305 SW Sexton Mountain Dr., and is also close to the Beaverton Transit Center.
The community comprises 15 residential buildings that house a mix of one, two and three-bedroom apartments. Originally constructed in 1985, Terra Murrayhill has recently undergone $3 million in renovations and capital improvements. In addition to the newly-upgraded clubhouse, common area amenities include an outdoor pool, hot tub, grilling area, fitness center, business center, dog park, detached garages and direct hiking trail access.
JLL’s Ira Virden and Carrie Kahn represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


