Hudson Tigard Apartments
Featuring: Hudson North & Hudson South
The properties include Hudson Tigard Apartments, a 227-unit community in Tigard, and Aster Parc Apartments and Townhomes, a 146-unit property at 18745 SW Farmington Road in Beaverton. Trion implemented upgrades, executed rebranding and improved operations in order to increase value since purchasing the assets in 2018 and 2019.
Trion acquired Hudson North Apartments and Hudson South Apartments separately in 2018 for $38.1 million and combined them into Hudson Tigard Apartments. The assets were recapitalized for a total of $59.2 million, with a new loan amount of $39.4 million secured through Freddie Mac and serviced by Walker & Dunlop. Hudson North Apartments is located at 10890 SW Canterbury Lane and Hudson South Apartments is located at 10695 SW Murdock St.
Hudson North
Hudson Apartments North is conveniently located in Tigard, Oregon, near freeways, shopping, restaurants, schools, and public transportation. Our one, two and three bedroom apartments boast oversized floor plans and feature in-unit washer/dryer, skylight and amazing views! Our residents have access to dog park, gym, our fun-filled clubhouse and a seasonal swimming pool.
Hudson South
Hudson Apartments South is conveniently located in Tigard, Oregon, near freeways, shopping, restaurants, schools, and public transportation. Our one, two and three bedroom apartments boast oversized floor plans and feature in-unit washer/dryer, skylight and amazing views! Our residents have access to dog park, gym, our fun-filled clubhouse and a seasonal swimming pool.
Hudson North
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No. of Units 71
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Acquisition Price $10,100,000
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Total Capitalization $12,600,000
Hudson South
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No. of Units 156
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Acquisition Date June 27, 2018
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Acquisition Price $28,000,000
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Total Capitalization $31,500,000
