TruAmerica Plants Seed in the Rose City

TruAmerica Multifamily LLC recently paid $28 million for The Park at Tualatin, a 210-unit multifamily community in suburban Portland.
The Park at Tualatin - 7800 SW Sagert St

The Park at Tualatin – 7800 SW Sagert St

TruAmerica Multifamily LLC recently paid $28 million for The Park at Tualatin, a 210-unit multifamily community in suburban Portland.

The Los Angeles-based company purchased the asset from FPA MultiFamily LLC, with the help of an HFF investment sales team led by managing director Ira Virden and associate director Kerry Hughes.

Located at 7800 SW Sagert St. in the Portland suburb of Tualatin, the property features one-, two-, and three-bedroom units averaging 775 square feet each. The community is conveniently situated about 12 miles southwest of downtown Portland, and in close proximity to popular retail destinations such as Bridgeport Village, Nyberg Woods, Nyberg Rivers and Tualatin Commons.

The 36-year-old garden-style community offers residents a list of amenities that includes a swimming pool with sun deck, children’s playground, basketball court, fitness center, clubhouse, and 550 parking spaces. The property is managed by Trinity Property Consultants.

Image courtesy of Yardi Matrix