254-unit Multifamily Acquisition
Investment Background: Acquisition and renovation of a 254-unit, Class B apartment community.
Product Type: Garden apartments
Location: The property is located in the Beaverton sub-market, approximately 13 miles southwest of the Portland CBD and 25 miles southwest of Portland International Airport.
Attributes: As the Portland economy rebounds, population growth from in-migration and natural increases has begun to revert to historical levels from the last decade. In 2014, the Portland MSA ranked 14th among the 50 largest cities in domestic migration, as the region's quality of life continues to attract residents.