 |
| Springbrook Gardens Apartments, Aloha, OR |
ALOHA, 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
Springbrook Gardens, an 84-unit multifamily property in the Portland submarket
of Aloha, Oregon.
This is Trion’s
fifth acquisition in the greater Portland area this year and 11th in just over
three years, making the firm the most active buyer in the market based on
number of transactions, according to Max Sharkansky, Managing Partner of
Trion Properties.
 |
| Max Sharkansky |
“The
acquisition of Springbrook Gardens is perfectly in line with our strategy to
acquire well-located communities in Portland submarkets demonstrating strong
growth fundamentals,” says Sharkansky.
“We have been
particularly bullish on Washington County, which boasts the highest median
income in the state of Oregon and has seen an ongoing influx and expansion of
several major employers.”
The asset’s
location off of major thoroughfare Farmington Road and in close proximity to
217 Highway Corridor, also known as the ‘Silicon Forest,’ offers residents
convenient commutes to several local employers as well as Downtown Portland,
notes Sharkansky.
The property is
centrally located between Hillsboro and Beaverton, two of the main job centers
in the state of Oregon, and is just two miles from Intel’s Aloha Campus, which
currently employs over 20,000 people.
Liz
Tilbury and Ben Murphy of Tilbury Ferguson
Investment Real Estate, Inc. represented both the buyer and the seller in this
transaction. Continental Partners arranged a $5.4 million loan at a starting
rate of 3.72% to finance the acquisition.
 |
| Mitch Paskover |
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.
Founded in 2005 and headquartered in Los Angeles, Trion
Properties is a private equity real estate firm that invests in value-add
multifamily throughout the west coast.
Trion has completed more than $300 million in transactions,
with a portfolio of over $315 million in assets, generating an average internal
rate of return in excess of 30 percent. With its fully built-out operator
platform,
For
more information, please contact:
No comments:
Post a Comment