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The Beaverton Portfolio                               Willow Grove                                     Jasper Place | Jasper Square  

Beaverton, OR

Projected Investor Level Returns: 17.73% IRR | 1.61x Equity Multiplex

Willow Grove:

Built in 1988, Willow Grove consists of 119 one, two and three-bedroom apartment units averaging 934-square feet with open floorplans. The community is comprised of 15 two-story wood-framed buildings, as well as a pool, clubhouse, and fitness center. Select units feature vaulted ceilings. The Property is in the heart of Beaverton, between Beaverton Town Square and Cedar Hills Crossing, large shopping and entertainment centers. The property is next door to Trion’s Oak & Iron Flats Apartments. Current ownership upgraded the pool, fitness center, and leasing office, as well as 50% of all unit interiors to a high-end scope. There is no deferred maintenance. The property is low-density, with ample green spaces.

Jasper Place:

Built in 1986, Jasper Place consists of 100 one, two and three-bedroom apartment units averaging 985-square feet with open floorplans. The community is comprised of 19 two-story wood-framed buildings, as well as a pool, clubhouse, fitness center, dog park, basketball court, soccer court, and community garden. The Property is in Northern Beaverton, adjacent to Tanasbourne Town Center and Kaiser Permanente Westside Medical Center. The Willow Creek MAX light rail station is 1 mile away that goes directly through the center of Beaverton and into downtown Portland. Current ownership upgraded the pool, fitness center, and leasing office and sports courts, as well as 58% of all unit interiors to a high-end scope. There is no deferred maintenance. The property offers garages for every unit.

Jasper Square:

Built in 1986, Jasper Square consists of 83 one-, two-, and three-bedroom apartment units averaging 976-square feet with open floorplans. The community is comprised of 15 two-story wood-framed buildings, as well as a pool, clubhouse, fitness center, dog park. The Property is directly across from Nike World Headquarters to the south and Tualatin Hills Park & Recreation Complex to the west. Current ownership upgraded the pool, fitness center, and leasing office, as well as 55% of all unit interiors to a high-end scope. There is no deferred maintenance. The property offers garages for every unit.

  • No. of Units 302
  • Acquisition Date September 6. 2022
  • Acquisition Price $94,800,000
  • Hold Period 3 years