DB Capital Management has sold Summit at Hyland Park, a 137-unit, value-add, garden-style multi-housing community in Beaverton, Ore., for $47 million.
FPA Multifamily acquired the asset.
Built in 1985, renovated in 2016 and updated in 2020, Summit at Hyland Park consists of one-, two- and three-bedroom units with luxury 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. Community amenities include a community clubhouse, dog park, pool and spa, fitness center, business center and barbeque area.
Located at 14305 SW Sexton Mountain Dr., the property is within a three-mile radius of more than 10 million square feet of retail amenities including Progress Ridge TownSquare, Murray Scholls Town Center, Washington Square Mall, Greenway Town Center and Cedar Hills Crossing. The property is near recreation options, including Hyland Forest Pa
