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November 20, 2025

Fourth Avenue makes $22M Medford buy

Fourth Avenue Capital has offices in Spokane and Seattle. It's a multifamily investor across the broader Pacific Northwest. And it recently announced a 96-unit deal in Medford, Oregon. It acquired the Ridgewood garden apartments, which were developed in the early 2000s. CBRE's Josh McDonald and Joe Nydahl worked both sides of the $22.1 million transaction, with the seller being Investors Capital Group. Fourth Avenue also assumed the old loan, with a very low 3.9% rate. Its Davis Vaughn said in a statement, “By selectively focusing on growing secondary markets with limited supply, we are able to deliver outsized yield to our investors.” Fourth Avenue now has about 1,500 units in its portfolio, with a value of around $450 million. It's also planning another 500-plus new units.




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