Hudson Tigard Apartments

Tigard, OR

 

VIEW MULTIFAMILY FUND IV

Number Of Units

227

Acquisition Price

$38,100,000

Sold Price

$59,200,000

Hold Period

49

Project Level IRR

21.51%

Project Level EM

2.05

Property Photos

Investment Highlights

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 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 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.

HubSpot Contact Form
An accredited investor must meet one of the following: 1) An annual income of at least $200,000, or $300,000 when combined with spouse’s income; 2) Holds a valid Series 7, 65, or 82 license; 3) Has a net worth of >$1 million, excluding value of a primary residence.


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