Trion Properties Completes Disposition of Portland Area Assets

Trion Properties Completes Disposition of Portland Area Assets

Trion Properties, a real estate investment firm specializing in multifamily properties, has successfully sold York Apartments in Tigard, Oregon. This marks the third sale of garden-style apartment properties that Trion acquired in the Portland region back in 2019.

According to Max Sharkansky, Managing Partner at Trion Properties, the three-asset portfolio generated an impressive IRR of over 29%. The sale of York Apartments alone brought in $10.85 million or approximately $209k per unit. After holding onto this property for 48 months, it yielded an IRR of 13.75% and an equity multiple of 1.48.

The other two assets included in this portfolio – The Parker and Aster Parc Townhomes – were also sold earlier this year (in May and July respectively), significantly boosting the overall return on investment for all three properties to a total EM ratio of 2.11.

This successful disposition by Trion Properties showcases their expertise as they continue to make strategic investments across California and Florida’s multifamily market.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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