Murray Ridge Apartments

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    While common-sense safety steps can help people ride out Mother Nature’s extremes, owners and managers must go above and beyond the basics to ensure the safety of their portfolios and (more important) their residents.

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    The $12.3 million transaction marks the company’s third acquisition in the city of Beaverton, Ore. Trion plans to implement a renovation plan, including improvements made to the exterior and interior of the property.

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    The company worked on behalf of the borrower, Eagan Apartment Associates LLP, to close the 12-year term loan. The community was 98.2 percent occupied as of August.

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    Investment Group purchased the assets for $2.9 million. The 90-unit portfolio will undergo a renovation process, estimated to cost between $100,000 and $300,000.

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    With only a few exceptions, since 2008, the balance of commercial and multifamily mortgages held in CMBS has declined each quarter.

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