WALNUT CREEK, CA - Sequoia Equities, Inc., a leading real estate investment and management firm, proudly announces the successful acquisition of Tessera at Orenco Station, a premier 304-unit multifamily community in Hillsboro, Oregon. The purchase represents Sequoia’s third community within the city of Hillsboro and further solidifies Sequoia's commitment to providing exceptional living experiences.
Built in 2014, Tessera at Orenco Station is a mixed-use development spanning 245,186 residential square feet, complemented by 6,792 square feet of retail space. Strategically located at the heart of the vibrant Orenco Station neighborhood in North Hillsboro, the community is immersed in a 135-acre area featuring a diverse range of pedestrian-oriented commercial centers, upscale single-family homes, retail shopping, and popular restaurants.
Residents of Tessera will enjoy the epitome of modern living, with each home offering a choice between two sophisticated color palettes. The residences boast premium features, including stainless steel appliances, granite countertops with kitchen islands, European-style cabinetry, spacious walk-in closets, and full-size washer & dryers. The community offers a range of common area amenities, including work-from-home studios, a state-of-the-art fitness center with an indoor/outdoor cross-training room, 24-hour package concierge, pool and deck area, and a resident lounge highlighted by a billiards table and shuffleboard. The community is located directly across from Cornell Creek Park which offers various walking trails and a large, fenced-in dog park.
Tessera has a prime location near the MAX light rail line which ensures convenient access to various Portland Metro destinations including the city’s international airport. Additionally, Highway 26 is easily accessible from the community which allows for convenient commuting to large area employers such as Nike, Intel, and Kaiser Permanente.
"We are thrilled to welcome Tessera at Orenco Station into the Sequoia family," said Lauryn Ackley, Acquisitions and Investments. “With its ideal location and modern construction, Tessera aligns with our dedication to providing residents with exceptional living spaces and enriching community experiences. We look forward to building on the already impressive foundation the community has established and making it an even more vibrant and desirable place to call home." Sequoia wishes to thank the sellers, Security Properties, for making this acquisition easy and seamless.
About Sequoia Equities, Inc. Established in 1986, Sequoia Equities, Inc. has consistently strived to make the ordinary a little more special. With a commitment to inspiring employees and creating communities where people can expect more out of everyday life, Sequoia manages over 15,000 residences across various communities. More than just great locations and comfortable residences, Sequoia communities are characterized by a team of professionals dedicated to creating consistently memorable and referral-worthy customer experiences.
Sequoia Equities is actively accepting new assignments for third-party management responsibilities. For information on investment opportunities or to explore how the Sequoia team can be a valuable resource for your multifamily real estate assets, please contact us at bizdev@elevatetosequoia.com.