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| The Park at Tualatin, 7800 SW Sagert Street, Tualatin, OR |
PORTLAND, OR, July 23,
2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed
the sale of The Park at Tualatin, a
210-unit, garden-style multi-housing community located in the Portland suburb
of Tualatin.
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| Ira Virden |
HFF marketed the property
on behalf of the seller, FPA MultiFamily, LLC.
TruAmerica Multifamily, LLC purchased the asset for $28 million.
Situated on a 17-acre
parcel, The Park at Tualatin is located at 7800 SW Sagert Street and is
bordered by SW Martinazzi Avenue to the west and Interstate 5 to the east.
Partially renovated in 2013, the property is
approximately 12 miles southwest of downtown Portland and is within walking
distance to the area’s major retail attractions such as Bridgeport Village,
Nyberg Woods, Nyberg Rivers and Tualatin Commons.
The property has one-,
two- and three-bedroom units averaging 775 square feet each. Community amenities include a swimming pool
and sun deck, playground, basketball court, fitness center and clubhouse.
The HFF investment sales
team representing the seller was led by managing director Ira Virden and associate director Kerry Hughes.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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