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Seattle & Northwest  + Oregon  + Apartments  | 

Security Properties Acquires Tigard, OR MF for $81M

Seattle-based Security Properties and Cigna Investment Management purchased Arbor Heights, a 348-unit multifamily property located in Tigard, OR, a suburb west of Portland, for $81 million. The Class A, garden-style apartment community was constructed in 1997 at 15199 SW Royalty Pkwy.

Security Properties’ Davis Vaughn says, “Arbor Heights was a deal we focused on because of the unique competitive advantages it has over the rest of the marketplace. With territorial views in many units, a walkable grocery store, and a public school system about to receive $291 million in improvements via a recent bond approval, Arbor is ideally positioned long term.”

A renovation will be completed on 208 units not previously upgraded at the value-add asset, consisting of 14 buildings spread across 24.5 acres. Amenity improvements include the dog park and outdoor kitchen adjacent to the pool, as well as adding a package concierge, bike storage and outdoor living area.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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