Aster Parc Townhomes

Beaverton, OR

VIEW MULTIFAMILY FUND IV

146

Acquisition Price

$20,400,000

Sold Price

$40,000,000

Hold Period

36

Project Level IRR

36.04%

Project Level EM

2.52

Property Photos

A wooden fence with an informational sign for a dog park named "aster park," surrounded by modern townhomes under a cloudy sky.

An outdoor pool with a metal ladder, surrounded by a fence, patio chairs, and umbrellas, with residential buildings in the background under a bright blue sky.

A sunlit community pool with umbrellas, surrounded by a black fence, adjacent to green lawns and residential buildings with trees in the background.

Investment Highlights

Trion Properties paid $26 million for the 162 units. The properties are Aster Parc Townhomes in Aloha, Parker Apartments in Beaverton and York Apartments in Tigard.

Aster Parc Apartments and Townhomes, which Trion purchased in two phases in 2018 and 2019 for a total of $20.4 million, was recapitalized for approximately $40 million. The recapitalization involves a new $24 million loan secured through Pacific Premier Bank and an equity partnership formed between Trion and Tokyu Land US Corp.

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