Thursday, July 23, 2015

HFF closes $28 million sale of 210-unit multi-housing community in suburban Portland, OR


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.

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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