Spencer Palmer Of Montgomery Partners Acquires 53-Unit Garden-Style Apartment Complex In Tigard For $9M

The property involved in the transaction is a 53-unit garden-style apartment complex located at 10650 Southwest 121st Avenue in Tigard, Oregon. The asset spans 4.56 acres and is classified as MultiFamily. The transaction was completed on April 29, 2025, with a sale price of $9,000,000, translating to a price per unit of $169,811.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $9,000,000
• Units: 53
• Price Per Unit: $169,811
• Address: 10650 Southwest 121st Avenue
• Market: Tigard, OR
• Acres: 4.56
• Buyer: Spencer Palmer - Montgomery Partners

Montgomery Partners has recently entered the Pacific Northwest market with this acquisition, targeting a value-add renovation strategy for 45 units and shared amenities. This approach is intended to capitalize on strong local housing demand.