BEAVTERTON, OR – FPA Multifamily has acquired a 137-unit, value-add, garden-style multifamily community in Beaverton, OR from DB Capital Management for $47 million.
The community, Summit at Hyland Park, was originally constructed in 1985, and it was renovated in 2016, prior to being updated in 2020.
Located at 14305 SW Sexton Mountain Dr., Summit at Hyland Park comprises one-, two- and three-bedroom floorplans. The units feature vinyl plank and carpet flooring, quartz countertops, stainless steel appliances, in-unit washers and dryers, walk-in closets, wood-burning fireplaces and a private balcony or patio. The property offers community amenities, including a clubhouse, dog park, pool and spa, fitness center, business center and barbeque area.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
