Investment Overview

The Pacific Northwest Investment Sales Team of IPA has been retained as the Exclusive Listing Brokers for the sale of Arbor Heights, a 348-unit multifamily community built in 1998 and located in Tigard, Oregon, a sought-after suburb within the Portland MSA with convenient access to the region’s largest economic drivers and shopping destinations.

Situated on a terraced site spanning over 16 acres, Arbor Heights showcases territorial views of the Willamette Valley from both the central amenity area and many of the south-facing homes. The community’s resort-style amenities include a large newly renovated resident clubhouse with modern gas fireplace, entertaining kitchen, lounge seating, coffee bar, business center, and upscale leasing office. The community features an oversized, outdoor heated pool with an expansive sundeck, daybeds, umbrellas, and loungers. The pool deck also features a covered entertainment area equipped with a gas fireplace, BBQ station, and wet bar, all overlooking the surrounding hills. Additional amenities include an off-leash dog run, playground area and resident package locker.

Rare Institutional Quality Garden Asset

Built in 1998, Arbor Heights boasts a superior physical plant and presents a seldom-seen opportunity to acquire a suburban asset of this scale in the Portland MSA with a balanced unit mix of one-, two-, and three-bedroom homes.

Resort-Style Amenities and Views

Current ownership has made significant capital investments into the community’s common areas which differentiate Arbor Heights from the competitive set. An oversized swimming pool terrace with entertainment pergola and BBQ area serve as the centerpiece with sweeping views of the Willamette Valley.

Excellent West Side Suburban Location

The Tigard-Tualatin area is touted for its high quality of life and strong school system. The average household income within a three-mile radius of Arbor Heights is $131,834. Additionally, Tigard is rated A- by Niche.com, and ranked #7 best places to live in Oregon by HomeSnacks.com

Nearby Employment Drivers and Premium Shopping

Residents benefit from convenient access to Nike, Intel, and OHSU, the three largest employers in the region, as well as two of the metro’s premier shopping destinations; Bridgeport Village and Washington Square Mall.

High Barrier-to-Entry Market with Limited New Supply

Located just 1.5 miles from Portland’s Urban Growth Boundary, the apartment supply pipeline is severely constrained with only two apartment communities under construction in a three-mile radius (531 total units).

Discount to Replacement Cost

Given the lack of developable land in the area, replacement costs for garden product are estimated to be 20% to 25% higher than pricing guidance for Arbor Heights on a per unit basis.