Closed our latest deal last month - The Crown Point Apartments - here in 'always' sunny Portland, Oregon.
More on this:
1. $140,000 a door for 1000 square foot (on average) units
2. Over a 7 cap on actuals going in
3. Seller financing at 5% Interest Only for 5 years
4. In-House Managed from Day 1
We've already achieved a 10% increase in rent on units for 2 new leases (versus in-building averages).
Target ~10% CoC Yield from day 1.
LFG!
Aug 18, 2026 · 6:00 PM UTC
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