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November 21, 2024

Fourth Avenue makes Oregon buys

Multifamily shop Fourth Avenue Capital has offices in Spokane and Seattle, and is both a developer and investor in that sector. The firm recently announced two buys in Oregon: the new 140 Sacramento townhouses in East Portland, with nine units; and the 88-unit Sunpointe garden apartments (pictured), in Gresham, which were developed in 1990. Upgrades are planned there. Fourth Avenue's Davis Vaughn said in a statement, “We continue to find compelling opportunities across a range of deal profiles in the Pacific Northwest. We think now is a great time to be buying, as we have conviction that there will be outsized growth in this region long-term.” The firm now rates its portfolio at 1,000 units, also ranging from Montana to New Mexico, with another 500 planned. Assets under management are valued at over $300 million.




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