Crow Holdings Buys 340 Units for $42M

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PORTLAND, OR-Crow Holdings, a privately held diversified investment group based in Dallas, announces the $42-million acquisition of the Thorncroft Farms apartments by CHRP IV LP, its latest real estate fund. This 340-unit class A property resides in the 850-acre Tanasbourne master-planned community in Portland’s Sunset Corridor in Hillsboro, 10 miles west of Portland.

The 13-acre, 16-building garden-style apartment community is located within the master-planned Tanasbourne community. It offers a clubroom, business and conference center, heated swimming pool and Jacuzzi, sunning deck, gas barbeque grills, fitness center and garages. Occupancy is currently 97%.