Trion Pays $95M for Portland Multifamily Portfolio
Multifamily investment firm Trion Properties has purchased a trio of apartment communities totaling 302-units in Beaverton, OR. The company paid $95 million for the portfolio, expanding its Portland, OR presence to 13 assets, nine of which are in Washington County where Beaverton is located.
“Our firm was able to draw on its track record and ability to maintain strong local relationships to secure this multifamily portfolio in the highly desirable Beaverton submarket,” said Trion Managing Partner Max Sharkansky. “We are keen on the region as it continues to attract high caliber resident interest due to its strong fundamentals and excellent quality of life.”
The three sites are:
-Jasper Place (pictured), comprised of 19 two-story buildings totaling 100 units.
-Jasper Square, comprised of 15 two-story buildings totaling 83 units.
-Willow Grove, comprised of 15 two-story buildings totaling 119 units.
All three complexes feature one- to three-bedroom floor plans, a pool, fitness center and leasing office.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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