Housing Authority Of Washington County Acquires Woodspring Apartments In Tigard For $46.6M

The Housing Authority of Washington County has purchased Woodspring Apartments, a senior housing community located at 16100 SW 113th Avenue in Tigard, Oregon. The property, which covers 8.2 acres, consists of 172 units. The sale, facilitated by Hamilton Zanze, was completed for a total price of $46.6 million, resulting in a per unit price of $270,930.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $46,600,000
• Address: 16100 SW 113th Avenue, Tigard, OR
• Market: Portland, OR
• Size: 8.2 Acres
• Buyer: Housing Authority of Washington County
• Seller: Hamilton Zanze
• Units: 172
• Price per Unit (PPU): $270,930

Hamilton Zanze represented the sellers in the transaction, while the Housing Authority of Washington County acted as the buyers. The acquisition of Woodspring Apartments by the Housing Authority of Washington County marks a significant investment in senior housing in the Tigard area. The purchase aligns with their mission to provide safe and affordable housing options for seniors in the region.