{"id":1004031137,"date":"2011-07-21T05:09:22","date_gmt":"2011-07-21T13:09:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004031137"},"modified":"2022-12-05T18:53:03","modified_gmt":"2022-12-06T02:53:03","slug":"trecap-nabs-two-portland-apartment-complexes-for-53-9m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/trecap-nabs-two-portland-apartment-complexes-for-53-9m\/","title":{"rendered":"Trecap Nabs Two Portland Apartment Complexes for $53.9M"},"content":{"rendered":"<p><strong>July 21, 2011<\/strong><br \/>\n<em>By Barbra Murray, Contributing Editor<\/em><br \/>\n<div style=\"width: 160px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/07\/072111-Country-Gables-Beaverton.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004031138\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/trecap-nabs-two-portland-apartment-complexes-for-53-9m\/072111-country-gables-beaverton\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/07\/072111-Country-Gables-Beaverton.jpg\" data-orig-size=\"480,319\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"072111 &#8211; Country Gables Beaverton\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/07\/072111-Country-Gables-Beaverton.jpg?w=480\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/07\/072111-Country-Gables-Beaverton.jpg\" alt=\"\" title=\"072111 - Country Gables Beaverton\" width=\"150\" height=\"150\" class=\"alignright size-thumbnail wp-image-1004031138\" \/><\/a><p class=\"wp-caption-text\">Country Gables<\/p><\/div><\/p>\n<p>Trecap Partners L.L.C. jumped into the booming Beaverton, Ore., submarket with the acquisition of a majority stake in two apartment complexes totaling 542 units. Trecap joined forces with Holland Partners to take Country Gables and Club at the Green off the hands of Equity Residential in a $53.9 million transaction.<\/p>\n<p>Sited less than 10 miles southwest of Portland, Country Gables first opened its doors 20 years ago with  288 residences, while the Club at the Green made its debut in one year earlier in 1990, featuring 254 residences. Trecap and Holland plan to upgrade the properties, whose location in Beaverton&#8217;s Silicon Forest put them right in the middle of an increasingly tight apartment market. <\/p>\n<p>&#8220;Employment is a major provider of demand for the area,&#8221; R. Josh Lehr, director of research and associate broker with HFO Investment Real Estate, told Commercial Property Executive. &#8220;Three or four of the largest high-tech firms are in the area. That&#8217;s the primary driver.&#8221; IBM, Intel and Tektronix are among the leading employers in the city. &#8220;Beaverton is kind of a high-tech hub,&#8221; he adds. It is also home to a host of other leading employers including Nike and Kaiser Permanente. <\/p>\n<p>Proof of the high demand for rental accommodations in Beaverton is in the numbers. According to the U.S. Census Bureau, the Portland-Vancouver-Beaverton apartment market ranked number one in the country; its 4 percent vacancy rate was the lowest among the 75 leading metropolitan statistical areas in the first quarter of the year. <\/p>\n<p>For Trecap, which bought Country Gables and Club at the Green for a pre-specified facility on behalf of a soon-to-be launched institutional investment fund, the new acquisitions mark a continuation of a buying binge. With the purchase of the Beaverton properties, the company has added five apartment communities to its portfolio over a four-month period. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trecap Partners L.L.C. jumped into the booming Beaverton, Ore., submarket with the acquisition of a majority stake in two apartment complexes totaling 542 units.<\/p>\n","protected":false},"author":1201,"featured_media":1004031138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742,15],"tags":[],"class_list":["post-1004031137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Trecap Nabs Two Portland Apartment Complexes for $53.9M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/trecap-nabs-two-portland-apartment-complexes-for-53-9m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trecap Nabs Two Portland Apartment Complexes for $53.9M\" \/>\n<meta property=\"og:description\" content=\"Trecap Partners L.L.C. jumped into the booming Beaverton, Ore., submarket with the acquisition of a majority stake in two apartment complexes totaling 542 units.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/trecap-nabs-two-portland-apartment-complexes-for-53-9m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-07-21T13:09:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T02:53:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/07\/072111-Country-Gables-Beaverton.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"319\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trecap-nabs-two-portland-apartment-complexes-for-53-9m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trecap-nabs-two-portland-apartment-complexes-for-53-9m\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"Trecap Nabs Two Portland Apartment Complexes for $53.9M\",\"datePublished\":\"2011-07-21T13:09:22+00:00\",\"dateModified\":\"2022-12-06T02:53:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trecap-nabs-two-portland-apartment-complexes-for-53-9m\\\/\"},\"wordCount\":321,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trecap-nabs-two-portland-apartment-complexes-for-53-9m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/07\\\/072111-Country-Gables-Beaverton.jpg\",\"articleSection\":[\"Featured\",\"News\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trecap-nabs-two-portland-apartment-complexes-for-53-9m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trecap-nabs-two-portland-apartment-complexes-for-53-9m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trecap-nabs-two-portland-apartment-complexes-for-53-9m\\\/\",\"name\":\"Trecap Nabs Two Portland Apartment Complexes for $53.9M - 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