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FPA Multifamily Acquires 74-Unit River Lofts In Tualatin From Next Wave Investors For $15.8M

Property Image
SOLD
$15,800,000
Philip Assouad
Nicholas (Nick) Ruggiero
+ 3

Oregon

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MultiFamily
Sold 05/30/2025
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Property Image
SOLD

FPA Multifamily Acquires 74-Unit River Lofts In Tualatin From Next Wave Investors For $15.8M

18540 Southwest Boones Ferry Road

See Similar Deals
MultiFamily
Sold 05/30/2025
Philip Assouad
Nicholas (Nick) Ruggiero
+ 3
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Summary

OREGON
Asset Type:MultiFamily
Transaction Type:Sale

The asset involved in the transaction is a multifamily property located at 18540 Southwest Boones Ferry Road in Tualatin, OR. The property consists of 74 units and was sold for $15,800,000, translating to a price per unit of $213,514.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $15,800,000
  • Units: 74
  • Price Per Unit: $213,514
  • Buyer: FPA Multifamily
  • Seller: Next Wave Investors
  • Buyer's Representative: Anthony Palladino, Philip Assouad, Giovanni Napoli, Nick Ruggiero & Ryan Harmon - Institutional Property Advisors (IPA)
  • Seller's Representative: Georgie Christensen-Riley - Marcus & Millichap

The transaction was facilitated by Institutional Property Advisors and Marcus & Millichap, highlighting the involvement of both firms in orchestrating the deal between FPA Multifamily and Next Wave Investors.

Players

Philip Assouad
22 deals$952.3M volume
BROKER

Giovanni Napoli
Institutional Property Advisors
21 deals$902.2M volume
BROKER

Ryan Harmon
Institutional Property Advisors
17 deals$718.9M volume
BROKER

Nicholas (Nick) Ruggiero
Institutional Property Advisors
22 deals$963.4M volume
BROKER

Georgie Christensen-Riley
Marcus & Millichap
2 deals$18.4M volume(503) 200-2058
BROKER

Anthony Palladino
Institutional Property Advisors
14 deals$685.9M volume(206) 826-5700
BROKER

FPA Multifamily
BUYER

Details

SOLD
IMAGE: 05/30/2025 ADDRESS: 18540 Southwest Boones Ferry Road MARKET: Tualatin, OR ASSET TYPE:Multifamily BUYER: FPA Multifamily SELLER: Next Wave Investors BUYER'S REP: Anthony Palladino, Philip Assouad, Giovanni Napoli, Nick Ruggiero & Ryan Harmon - Institutional Property Advisors (IPA) SELLER'S REP: Georgie Christensen-Riley - Marcus & Millichap SALE PRICE: $15,800,000 UNITS: 74 ~ PPU: $213,514 NOTE: Next Wave Investors sold the 74-unit River Lofts in Tualatin to FPA Multifamily for $15.8 million, or $214,189 per unit. Institutional Property Advisors and Marcus & Millichap facilitated the transaction.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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