Kidder Mathews is pleased to announce that it has closed the sale of the Fox Meadows Apartments — a 95-unit garden-style community located in Tualatin, Oregon — for $19,350,000.
Kidder Mathews multifamily investment brokers Tyler Linn, Jordan Carter, and Clay Newton represented the seller, Trion Properties. The buyer was a national multifamily investor based in California.
Located at 19545 & 19605 SW Boones Ferry Rd in Tualatin, Fox Meadows is within a short distance of the area’s most popular dining and shopping destinations, including Bridgeport Village. The property offers convenient access to major thoroughfares that connect to all regions of the metro. The property comprises one-, two-, and three-bedroom units.
“Fox Meadows presents a great value-add opportunity due to Tualatin’s strong market fundamentals and tight vacancy in almost every asset class,” said Linn. “With a minimal pipeline of new housing supply coming in Tualatin, this asset is positioned for incredible growth.”
About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with 900 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, project and construction management, and debt & equity finance services for all property types. The firm performs $10.9 billion in transactions, manages 52 million square feet of space, and conducts over 2,600 appraisals annually. For more information, visit kidder.com.