Saturday, December 9, 2017

Trion Properties Expands Portfolio in the Portland, OR Metro

Hallwood Apartments, Beaverton, OR

BEAVERTON, OR – Trion Properties, a private equity real estate firm that specializes in value-add multifamily investments in four niche markets along the west coast, has acquired Hallwood Apartments, a 76-unit apartment community in the Portland submarket of Beaverton, Oregon.

This acquisition comes on the heels of the firm’s acquisition of Bel Aire Court earlier this year, bringing its total holdings in the region to more than 358 units, according to Max Sharkansky, Managing Partner of Trion Properties.

Max Sharkansky
“We have been extremely bullish on the Portland Metro for the last few years, especially the Beaverton submarket, based on its exceptionally strong fundamentals and future value potential,” says Sharkansky.

“This is our third acquisition in the city, which is located just a few miles west of Downtown Portland and poised for explosive growth. In fact, Beaverton is in Washington County, which is projected to see a population increase of 42 percent over the next 20 years.”

The principals of Trion Properties are Max Sharkansky and Mitch Paskover, two real estate professionals with over 30 years of combined experience in finance, acquisitions, management and redevelopment. 

In addition to its close proximity to Portland’s urban core, the asset is located near the Portland area’s “Silicon Forest,” the industrial corridor between Beaverton and Hillsboro which houses tech giants including Yahoo!, Intel, Salesforce, and Oracle.

 The property also offers residents a short commute to Nike’s headquarters in Beaverton, which is currently undergoing a supersized expansion estimated at nearly $1 billion including six new buildings and 3.2 million square-feet of space, notes Sharkansky.

“With many major companies based out of, or expanding into, the region, there is an increased demand for multifamily housing to support employment growth,” says Sharkansky. “Through acquiring well-located properties like Hallwood Apartments, which offers an excellent quality-of-life, convenient mass transits options, and short commutes, we are positioning our portfolio for tremendous upside potential over time.”

Mitch Paskover

At full occupancy, Hallwood Apartments also benefits from immediate positive cash flow, which mitigates any downside risk, according to Sharkansky.

Constructed in 1986, the garden-style community comprised of spacious one- and two-bedroom units has been well-maintained by the seller and features several in-demand amenities including washers and dryers in each unit, a swimming pool, ample covered parking, and an on-site leasing office.

“The asset provides high-quality amenities and features for its vintage, yet there remains a strong opportunity for value creation,” says Sharkansky. “We plan to implement capital renovations to tastefully modernize and upgrade both the exterior and interior of the property to further enhance its appeal for tenants looking for value alternatives to Portland’s urban core.”

According to Sharkansky, Trion Properties now owns a total of six properties throughout the Portland Metro, allowing the firm to reduce operating costs and increase returns by amassing economies of scale.

Hallwood Apartments is located within 1 mile of Bel Aire Court and 2.5 miles from Hidden Villas, which Trion acquired in July 2017 and October 2016, respectively. The location is in-line with Trion’s strategy of acquiring along the 217 freeway, which many residents use to commute to work throughout the Portland metro.

The Hallwood Apartments are located at 7535 SW Hall Boulevard in Beaverton, Oregon.
 The property was acquired from a private seller for $12.25 million. Acquisition financing was arranged by Los Angeles-based mortgage banking firm Continental Partners. 

Liz Tilbury and Ben Murphy of Tilbury Ferguson Investment Real Estate, Inc. represented both the buyer and the seller in this off-market transaction.

Additional information is available at

  For more information on this news release, please contact:

Katie Clendening / Elisabeth Manville
Brower, Miller & Cole
(949) 955-7940

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