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Trion Secures ReCap Financing for Portland Multifamily Portfolio
Trion Properties, a private equity real estate firm in partnership with Tokyu Land US Corporation have recapitalized a pair of multifamily properties in Portland, OR. The $63 million financing will be used to upgrade the communities to further bolster rent growth.
“Both of these communities were initially acquired in two phases, with our team recognizing opportunities to improve efficiencies through combining and rebranding the assets,” said Trion Properties Managing Partner Max Sharkansky.
The two properties involved are:
-Aster Parc Apartments and Townhomes, Beaverton, OR consisting of 146 units.
-Hudson North and Hudson South Apartments (pictured), Tigard, OR consisting of 227 units.
“Since we entered the Portland market six years ago, the ‘Silicon Forest’ west of the city has continued to see rapid growth and is now home to more than 300 high-tech businesses, and the region has also further established itself as the sports apparel capital of the nation,” added Sharkansky.
- ◦Financing
