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August 17, 2023

Fourth Avenue Capital sets up shop



A trio of experienced developers has launched a new investment and development firm, Fourth Avenue Capital, which instantly has a portfolio resulting from the recent combination. Brian Betts, Davis Vaughn and Chris Rossman come from Wolff and Security Properties, and they said in an early-August press release that they now own or manage 17 properties with over 1,000 units (or beds). They value those assets at over $225 million. Looking ahead, they value future developments or investments at $125 million, working in what they term the middle market. Vaughn said in a statement, “We will continue to take advantage of the pricing inefficiencies in the middle market and build a durable portfolio of high-quality real estate.” The company website lists multifamily properties reaching from Arizona to Oregon to our market. One example is the 20-unit Calabria at Talus in Issaquah (pictured), acquired two years ago for almost $9 million.




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