Montgomery Partners has completed the $9 million acquisition of Westwood Green, an eight-building, two-story garden-style apartment complex in Tigard, Oregon.
The property comprises 53 units in one of the most desirable areas in the Portland Metro. This acquisition marks the firm’s first purchase in the region, signaling a strategic expansion into one of the West Coast’s most promising markets.
Located just 20 minutes from downtown Portland, between Beaverton and Lake Oswego, Westwood Green spans 4.56 acres across eight two-story buildings. The property was acquired at $169,800 per unit, approximately one-third of replacement cost, with a projected 6.30% year-one proforma cap rate.
The value-add strategy includes renovating 45 units, bringing interiors to current market standards. Montgomery Partners will complete substantial upgrades to community amenities. The property is situated near a Whole Foods-anchored shopping center, and is in proximity to Washington Square Mall, Progress Ridge Town Square, and a variety of parks, dining options, and entertainment venues.
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