Investment Overview

Mt. Tabor Villas, located in Portland’s Roseway neighborhood, offers an opportunity to acquire a newly-constructed asset in the midst of a growing, dynamic market. The three-story apartment complex is comprised of an appealing unit mix, inclusive of predominantly two-bedroom floorplans, in keeping with population trends. Each unit is equipped with high-end finishes, including in-unit washer/dryers, custom cabinets, wood shelving, stainless steel appliances, high ceilings, and modern windows. The property is situated between the amenity-rich neighborhoods of Montavilla and North Tabor in Northeast Portland. The location boasts a Walk Score of 86 and a Bike Score of 97, deemed “Very Walkable” and a “Biker’s Paradise”. Current rents at Mt. Tabor Villas are just over 12% below market, offering an immediate opportunity to continue to grow revenue as the neighborhood continues to attract a strong tenant base. New construction in the immediate area offers a broad range of housing options to appeal to a multi-faceted prospective tenant base, further underscoring the continuous growth in the submarket.