Jory Trail at the Grove

Wilsonville, OR

Acquired July 2017

At a Glance

Jory Trail at the Grove is a premier 324-unit apartment community. The Class A apartment is in the Portland, Oregon, suburb of Wilsonville.

Investment Rationale

  • Recently developed 324-unit apartment community with an extensive amenity package and Class A high-end finishes.

  • Located in the thriving Portland, Oregon, suburb of Wilsonville, which has a strong local employment base with excellent schools and high barriers to entry. This suburb in "Silicon Forest" has a low vacancy (3.3%) with no new development under construction or planned.

  • Wilsonville is conveniently located along Interstate 5, providing convenient access to greater Portland's major employment centers: Downtown Portland, the Kruseway office corridor, Beaverton, Hillsboro, and Salem.

  • The Portland market overall has exhibited strong population growth, with average annual growth rates of 1.3% from 2010 to 2016. Considered a 'Next Tech' market, additional growth is anticipated for Portland due to lower cost of living and strong quality of life, particularly in comparison to the nearby Bay Area and Seattle

  • Amenity-rich garden-style asset, including a free fitness center and access to a walking trail & green space.

  • Energy Star appliances, Eco-Conscious tenants

  • This multifamily property in the Pacific Northwest exemplifies JLL Income Property Trust's apartment strategy, which is geared toward suburban locations within highly-rated school districts with attractive demographics

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Jory Map2