Multifamily Redevelopment. 49. TOTAL PROJECT COST: $7.25m
Located in Beaverton, Vose Apartments on 12th (formally called Fairwood) was purchased in 2021 through the use of a 1031 exchange. The property was well maintained, but lacked the appropriate upgrades for a property located in a revitalizing neighborhood. Due to the reasonable condition of the property, all upgrade dollars are being spent on individual unit interiors, increasing the property’s revenue.