Watt Companies paid $75.2 million to acquire the 240-unit multifamily asset, Sygnii, in Tigard.
TIGARD, OR—Many areas of the Portland MSA are growing rapidly but Washington County is the fastest-growing county. And within the county, suburban Tigard demonstrates the continued tightening of multifamily product.
For this reason, one investor, Watt Companies, saw the importance of a top-tier property and its location. The Los Angeles-based investor paid $75.2 million to acquire 240-unit multifamily asset, Sygnii.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
