GRESHAM, OR—Trion Properties along with joint venture partner AMC Investments recently acquired Hood Apartments, a new 64-unit multifamily community. This acquisition brings Trion's regional holdings to eight properties totaling 675 units.
Hood Apartments is the firm's first purchase in Gresham, the fourth largest city in the state, according to Max Sharkansky, managing partner at Trion Properties. Sharkansky shared some insights into why Trion is betting on the Greater Portland market, trends in the region's multifamily sector and where the market is headed.
"Portland has long attracted residents to its richly beautiful scenery and relaxed outdoor lifestyle," Sharkansky tells GlobeSt.com. "More recently, numerous corporations have also been drawn to this western market for its affordability and business-friendly policies."
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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.
