Tokola Properties is focused on creating and managing multifamily housing and mixed use developments in Oregon and Washington.

Tokola Properties was founded on the principal that quality design and construction coupled with long term ownership and professional property management creates the greatest value for residents, employees, investors and the community. We've spent the past twenty years acting on this principal and advancing our knowledge and expertise with each passing year.

Tokola Properties is a vertically integrated organization which has acted as developer, prime contractor and property manager in the creation and operation of a diversified portfolio of multifamily housing. To date, we have completed 1,815 units of housing in 18 developments with projects ranging in size from 18 to 323 units. Current plans include a high density, mixed use development located in Historic Downtown Hillsboro and known as 4th Main.

We're creative in identifying development opportunities and skilled in directing projects through design development and permitting. We're also knowledgeable in all phases of construction and project management and our record of rapid project lease-ups reflects our property management and marketing skills.

Market rate transactions have been our focus and we have developed a strong track record with both construction and permanent lenders. We're experienced in dealing with the complexities of arranging and managing construction financing and in positioning permanent financing for successful long term investment.

Tokola Properties has directed the formation and operation of multiple Limited Liability Companies (LLC's) each with a mix of experienced real estate investors. The majority of investors have participated in multiple ventures and the number of individual investors has continued to grow. Tokola Properties has also participated in joint venture transactions typically acting as prime contractor and project manager.

Our commitment to long term ownership and professional management means you'll find our communities well maintained and managed and our on-site staff courteous and responsive.

For more information about our property management, development or construction services please use the contact link above.

If you're a prospective resident we invite to visit our properties in person or on-line and we believe you'll find them a great place to make a home.

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Latest News


Tokola Properties is pleased to announce that it has entered into a Public/Private partnership with the City of Independence, Oregon to develop Independence Landing, a high quality mixed use development featuring a 75-room boutique Hotel and 134 market rate apartments with private clubhouse along the banks of the Willamette River in Historic Downtown Independence.

Situated adjacent to Riverview Park and Amphitheater and just one block off of Main Street, Independence Landing will offer residents and guests alike unparalleled access to shopping, dining, entertainment and river front recreational activities.

Development Background

Over the last 15 years, Downtown Independence, Oregon, has experienced a revitalization – spurred on by a series of adopted plans; municipal investments in a new streetscape for Main Street, a premiere City park and amphitheater (Riverview Park), and a new Civic Center; and private investments in Downtown buildings and businesses. Downtown is also home to a 30-block Historic District that appears on the National Register of Historic Places.

Adjacent to Downtown – between Main Street and the Willamette River – is the Valley Concrete site, an 18-acre, industrially-zoned property that was home to a ready-mix concrete operation. The City’s 1996 Downtown Development Plan and 2009 Vision 2020 Plan identified this site as a key redevelopment opportunity and proposed concepts for housing and mixed-use development that would bolster Independence’s restored Downtown. When Oldcastle Materials, the site’s owner, expressed an interest in relocating Valley Concrete’s ready-mix concrete operation and putting the property for sale, the City secured a State Transportation and Growth Management (TGM) Quick Response grant to further develop concepts for the site’s future.

The goal of the concept plan was to determine how the site could be redeveloped to maximize the benefit to the surrounding downtown commercial area. Its recommendations included a mix of higher-density housing (apartments, condos, townhomes) as well as some commercial uses, but the key recommendation was to develop a hotel on the property. A hotel would create significant additional benefit for the downtown by drawing visitors to the area and would also be an opportunity to better connect the community with the region's booming wine industry.

At the beginning of 2015, the City purchased the property and began working to bring the concept plan to fruition. In Summer/Fall 2016, the City took the last steps toward making the site - now renamed Independence Landing - development ready. A new Downtown Riverfront Zone was created which allows the mix of residential and commercial uses envisioned for the site, and the property was rezoned to this new designation. The property was also subdivided into eight parcels, a process that also established a right-of-way for a public street to serve the parcels. In October 2016, the City Council awarded a bid to GT Contracting to build the road, water and sewer that will serve the site. Work is currently underway on this public infrastructure with a projected finish in fall 2017.

In order to identify a developer who would bring the mix of uses the City sought to the Independence Landing site, the City released a Request For Qualifications development solicitation in August 2015.The City received three responses to the solicitation. In December 2015, the City selected Tokola Properties as the preferred developer and entered into an exclusive negotiating agreement. On November 8, 2016, the City Council authorized the City Manager to enter into a Disposition and Development Agreement with Tokola properties to develop lots 1 - 4 with uses to include a high quality 75 room boutique hotel, 110 high quality, market rate apartments and 14 townhomes.

Phase I – Independence Landing Hotel

The upscale and boutique Independence Landing Hotel will serve the surrounding Willamette Valley Wine Country, Western Oregon University, and growing local businesses with 75 riverfront and river view hotel rooms and suites. The four-story hotel will feature a relaxing lobby with an attractively appointed breakfast area that converts to a wine tasting reception area in the evenings; a full bar serving small plates directly overlooking the river with an integrated outdoor patio; a custom, outdoor jacuzzi; fitness center; and priority access to the Independence Civic Event & Conference Center, conveniently adjacent to Independence Landing; with guest arrival via an inviting porte-cochere and vestibule. To serve the many bicycle enthusiasts that visit the Willamette Valley Scenic Bikeway, the hotel will feature a heated bike repair & wash station and secured bike storage. Each guestroom will feature upscale furnishings and amenities to match the clientele.

Construction of Independence Landing Hotel is scheduled to commence Fall 2017 with completion in Summer 2018.

Phase II & III – Independence Landing Apartments

Phase II & III of the development will make up Independence Landing Apartments consisting of 134 market rate apartments and a private riverfront clubhouse. Phase I will include 60 apartments in two buildings, 14 townhomes and the clubhouse facility. Phase II will include an additional 50 apartment units in a single building.

Independence Landing Apartments will offer a diverse combination of floorplans including studio, one bedroom- one bath, two bedroom-one bath, two bedroom-two bath and three bedroom-two bath apartment homes ranging in size from approximately 547 to 1,262 square feet. Fourteen of the units will be 2 story townhouse style apartment homes with attached garages fronting Osprey Lane. The balance of units will be apartment flats situated in one of three, three-story/elevator serviced buildings fronting the Willamette River and river front park. Each apartment building will feature separate building lobbies with controlled building access and high speed elevator service to each of three floors of living units.

Common area amenities at Independence Landing will include the riverfront clubhouse with leasing center, entertainment area, theater, fitness center, swimming pool, jacuzzi and outdoor kitchen. A pedestrian boardwalk will front the river side of the development connecting Residents and Guests with Riverview Park and Amphitheater to the north and the Civic and Event Center to the south. The boardwalk with its elevated view of river front park will offer interval seating and observation areas to further enhance connectivity of the development to the river and surrounding recreational amenities.

Construction of Independence Landing Apartments is scheduled to commence Spring 2018 with completion in Summer 2019.

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Tokola Properties Announces New Mixed Use Development Coming to Downtown Forest Grove

Tokola Properties, is pleased to announce that construction is underway on its most recent development, The Jesse Quinn, a transit oriented/mixed use project located at the corner of Pacific Avenue and A Street in downtown Forest Grove. The pioneering 4-story project is being developed under terms of a public/private partnership between the Forest Grove Urban Renewal Agency and Tokola Properties. Metro is also a supporting partner in the development via its Transit Oriented Development program. The Jesse Quinn will feature 73 market rate apartments, 5 live/work lofts and approximately 2,500 square feet of ground floor retail space. Ground breaking on the $16 million development is slated to commence next month with completion targeted for spring 2018.

Apartment units at The Jesse Quinn will include of a diverse mix of floorplans ranging from a 503 square foot studio flat up to a 1,209 square foot three bedroom /two-bath layout. All units feature private decks or patios, 9’ ceilings, in-unit washer/dryers and air conditioning. The 5 live/work lofts will be situated on the ground floor and offer direct access from the adjacent public walkways. Rents for the apartments and live/work lofts are forecast to range from approximately $895 to $1,600 per month. Retail space at The Jesse Quinn will be located at the corner of Pacific Avenue and A Street and feature glass storefronts, dramatic ceiling heights and direct access to an outdoor urban plaza with open air seating. Rents for the retail spaces will be announced nearer to project completion.

The Jesse Quinn will also feature an abundant package of common area amenities including controlled building access, gated parking, elevator service, bike storage, bike wash and repair station, transit tracker display, 24 hour fitness center, community garden, playground, ground level urban plaza and fourth floor community room with roof top patio. The development includes important green features, as well, such as rain gardens which capture and treat storm water run-off before release to the public storm system and a green roof system over a section of the parking area which helps treat storm water and mitigate the urban heat-island effect. Tokola Properties President, Dwight Unti, states “The Jesse Quinn will provide a high quality, urban form living environment not previously available in Forest Grove and, we believe, will be embraced by a wide diversity of people seeking the opportunity to live in the heart of Historic downtown.” Design of the project was led by Principal Architects, Jim Walker, Eric Cugnart and Brian Bennett of Studio C Architecture, Portland. Principal Architect, Jim Walker notes “We worked incredibly hard with the team at Tokola Properties to create a dynamic architectural design that both honors the historic fabric of downtown while also pointing to the future of the community. We couldn’t be more pleased with the results.”

The name of the development, The Jessie Quinn, is derived from the name of Oregon historical figure Jessie Quinn Thornton who arrived in Oregon by Wagon train in 1846. According to Oregon Geographical Names, on January 10, 1851, at a meeting of the trustees of Tualatin Academy (later known as Pacific University), Resident and school trustee J. Quinn Thornton suggested the name Forest Grove. This was a name which he had also used for the name of his homestead and referred to a grove of oak trees that still stand on what is now the campus of Pacific University. Jessie Quinn Thornton also served as the 5th Supreme Judge of the Provisional Government of Oregon, presented Oregon’s petition for official territorial status to Congress and served in the Oregon Legislature. Tokola Properties Vice President, Jeff Edinger notes that “Tokola Properties was excited to select a project name related to this important figure in the region’s history and a display recounting the life of Jessie Quinn Thornton will be on exhibit in the leasing center at The Jessie Quinn.”

On completion, The Jessie Quinn development will add approximately 125 new residents living in downtown and increase the diversity of new businesses and retail services. Tokola Properties President, Dwight Unti, commenting on the importance of the project to downtown revitalization states “A central component of successful downtown revitalization is to have more people living downtown, activating the streetscape into the evening and spending their disposable income on local goods and services. Expanding the base of business and retail services is also critical to successful revitalization. We are pleased to report The Jessie Quinn has been specifically designed to achieve these outcomes and we believe will have a catalytic impact on the resurgence of historic downtown Forest Grove.”

The Jesse Quinn is the third in a series of projects developed by Tokola Properties which have focused on introducing urban form development to re-emerging main street districts. Prior projects include 4th Main in historic downtown Hillsboro and 3rd Central in historic downtown Gresham. Both projects are fully leased and have made significant contributions to revitalization efforts in the respective downtown districts of Hillsboro and Gresham.

Forest Grove celebrates groundbreaking of Jesse Quinn Apartments (OregonMetro.gov)

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Tokola Properties

3rd Central Apartments

188 NW 3rd Street
Gresham, OR 97030
(503) 833-2646

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