Tokola Properties Recently Announced Foothills Apartment Living Acquisition

Tokola Properties announced its acquisition of Foothills Apartment Living, a 69-unit, garden-style apartment community in Sandy, Oregon, constructed in 2022. The property offers one- and two-bedroom homes averaging 904 square feet. Its modern interior finishes include stainless steel appliances, quartz countertops, and luxury vinyl plank flooring. Located west of downtown Sandy, Foothills sits between residential neighborhoods and open green spaces, providing residents with a quiet, welcoming living environment.

Strategic Fit in the Sandy Market

Sandy is a desirable and supply-constrained submarket in the Portland Metropolitan area noted President, Dwight Unti, and a market where Tokola Properties has significant experience having built and operated the 43-unit Cascadia Village Apartments since 2003. Unti went on to say that the addition of Foothills Apartment Living to its apartment portfolio helps provide a greater economy of scale for Tokola Properties in the Sandy market and broadens the living options it can provide rental prospects.