![]() Not only will this help optimize operational efficiencies for both properties, but the combined 146 units will attract a wider pool of sellers down the line.” “The community is also an ideal addition to our portfolio because it is adjacent to another Trion community, Aster Parc apartments. “This asset is extremely well-positioned in a central location that offers short commutes to the major ‘Silicon Forest’ employment hubs,” says Sharkansky. Trion Properties has acquired a 62-unit multifamily community, Aster Parc Townhomes, in the Portland submarket of Aloha, Oregon, a census-designated place located between the cities of Beaverton and Hillsboro. Multifamily Asset Adjacent to Trion Community in Aloha Rob Marton of HFO Investment Real Estate represented Trion Properties as the buyer in this transaction. Continental Partners arranged a $19.06 million loan to finance the acquisition. The portfolio was acquired from NBP Capital. “Based on our experience with similar properties in the submarket and existing community relationships, we are ideally positioned to enact our proven strategy of light renovations, rebranding, and efficient, hands-on management to quickly unlock further upside potential and maximize return-on-investment.” “The three multifamily properties in this portfolio are of 45-to-50-year vintages and have been well-maintained and modernized with capital improvements in recent years,” continues Sharkansky. The Beaverton and Tigard-Tualatin school districts, which serve these communities, will both benefit in the coming years from school construction bonds, further driving demand for larger units. Sharkansky also notes that there is a need for multifamily units of a wide range of sizes to accommodate single professionals, couples, and families with children. “Employers are relocating and growing within the area, with major examples including Nike’s massive Beaverton headquarters expansion valued at $1 billion that was completed last year, and Intel’s upcoming addition of a third, 1.5 million square-foot building to its Hillsboro factory complex, which is estimated to bring 1,750 more jobs.” “After a period of rapid growth, the Portland metropolitan area continues to establish a healthy economy and strong reputation for a high quality of life, with Washington County in particular demonstrating stellar market fundamentals, including the highest median household income in Oregon and a multifamily vacancy of five percent,” explains Sharkansky, noting that over the past three years, Trion has acquired more multifamily assets in the county than any other entity. The acquisition of this portfolio brings Trion’s greater Portland area holdings to 9 properties totaling approximately 650 units, as the firm continues to focus on the region due to its recent and projected economic growth, according to Max Sharkansky, Managing Partner of Trion Properties. The properties include Aster Parc Townhomes, a 62-unit community in Aloha, Oregon Parker Apartments, a 48-unit community in Beaverton, Oregon and York Apartments, a 52-unit community in Tigard, Oregon. markets, has acquired a portfolio of three multifamily assets totaling 162 units in Portland, Oregon submarkets, for $26.05 million. He says necessary skill sets include, among others, accounting, customer relations, and real estate law.TIGARD, OR – Trion Properties, a real estate firm that specializes in value-add multifamily investments in high-growth western U.S. ![]() “It’s a business with many different areas where you need knowledge and experience,” Milio points out. In addition to managing his own buildings, he represents condo and co-op boards, as well as rental properties for other owners, a business he added in 2002. Milio entered the real estate business after college. Those families reside in the 31 buildings Trion manages they are split between Westchester, New York City, and Dutchess County. There’s a sense of accomplishment when you know you’re improving the quality of life for 1,700 families.” “You’re always troubleshooting issues and helping people. “Every day is different,” says Milio, who lives in Armonk with his wife and two young daughters. ![]() Milio, 36, also holds a demanding “day job” as president of two companies, Trion Real Estate Management and Trion Holdings, LLC, which invests in multi-family properties. Carmelo Milio’s success in the field-and his election as president of the Building and Realty Institute of Westchester and the Mid-Hudson Region (BRI)-indicates he has them all. It takes mastery of multiple skills to succeed in real estate management.
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