Home Investing With Us Properties Arbor Hills Apartments Avia Apartments Bella Vista Apartments The Boulders Canyon River Ranch The Enclave Kent Business Center La Plaza Midway Lakewood Cinema Plaza Lexington Apartments Nob Hill Seattle Tower University Park University Place University Plaza Advisory Services About Us Contact Us		Arbor Hills Apartments 2060 S. Kent-Des Moines Rd. Des Moines, WA 98198 95-unit Apartment Community Strategy: Reposition Acquired: March 2007 Status: Own     Investment Highlights At acquisition, in-place rents at Arbor Hills (formerly “Des Moines Place”) were 15% below competitive market rents. The opportunity for Trinity was to purchase an asset at an attractive basis ($67,000 per unit), reposition the property, and bring rents to market levels. Trinity formulated and executed on a repositioning project that included upgrading tenant unit interiors, improvements to the clubhouse and fitness facility, and landscaping upgrades. In the first two years of ownership, rents have been increased 30% (average of $170 per unit) and strong occupancy levels have been maintained. The property is of institutional quality and is expected to perform effectively at this stabilized basis.
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