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DB Capital Management Spends $249k/Unit for OR Res Community

12/20/19

Terra Murrayhill, a 137-unit, garden-style apartment community located in Beaverton, OR, sold for $34.1 mil ($249k/unit). It was purchased by DB Capital Management.

Terra Murrayhill, which sits on approximately nine acres at 14305 SW Sexton Mountain Dr, is located near major tech employers within what is known locally as the “Silicon Forest.” It is also close to the Beaverton Transit Center providing residents with connectivity to downtown Portland, Hillsboro and the Portland International Airport.

The community comprises 15 residential buildings that house a mix of one-, two- and three-bedroom units averaging 891 sf in size. Originally constructed in 1985, Terra Murrayhill has recently undergone $3 mil in renovations and capital improvements. In addition to the newly upgraded clubhouse, common area amenities include an outdoor pool, hot tub, grilling area, fitness center, business center, dog park, detached garages and direct hiking trail access.

Ira Virden and Carrie Kahn with JLL represented the seller, a West Coast-based investor. DB Capital Management was led in the transaction by in-house exec Daniel Terranova.






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