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A 52-unit multi-family property in Tigard has sold for $10.85 million.

鈥淭he sale of York (Apartments) is the third disposition in a group of garden-style apartment properties that we acquired in the Portland region in 2019,鈥� Max Sharkansky, managing partner at Trion Properties, stated in a news release. 鈥淲hen factored together, the sale of the three-asset portfolio generated an (Internal Rate of Return) of more than 29 percent.鈥�

The other assets in the portfolio鈥擳he Parker and Aster Parc Townhomes鈥攕old in May and July of 2022, respectively.

HFO Investment Real Estate handled the transaction. Rob Marton, partner, represented Trion in the sale, and Greg Frick, co-founder and partner, managed the process for the purchaser of the property. According to Washington County public records, the buyer is identified as 7580-7582 SW Hunziker St. Holdings LLC.

York Apartments is a 52-unit garden-style apartment complex with three studio units, 48 two-bedroom, one-bath units; and one four-bedroom, two-bathroom unit. The property is at 7582 SW Hunziker St. in Tigard.