Home Investing With Us Properties Arbor Hills Apartments Avia Apartments Bella Vista Apartments Canyon River Ranch Kent Business Center La Plaza Midway Lexington Apartments The Marlborough Martha Lake Apartments Seattle Tower University Portfolio Advisory Services Management 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 renovating tenant unit interiors, improvements to the clubhouse and fitness facility, residing the exteriors, and landscaping upgrades. In the first two years of ownership, rents were increased 30% (average of $170 per unit) and strong occupancy levels have been maintained. The property is expected to perform effectively at this stabilized basis.
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