Investment Overview

The Cascade Oregon Portfolio represents a rare opportunity to acquire a well‑curated, three‑property multifamily portfolio totaling 538 units across some of Oregon’s most supply‑constrained and demographically diverse rental markets: Forest Grove (Portland MSA), Corvallis (Willamette Valley), and Talent (Medford MSA). Collectively, the portfolio benefits from attractive assumable Freddie Mac financing at sub‑3% interest rates, strong historical occupancy, and durable demand drivers anchored by major universities, employment hubs, and long‑term population growth. The assets may be acquired individually or as a portfolio, offering investors flexibility to scale exposure while gaining immediate cash flow with embedded upside.

The Boxer is a 99‑unit, fully renovated community located directly adjacent to Pacific University in Forest Grove, one of the strongest rental submarkets in the Portland MSA. Originally built in 1968 and comprehensively redeveloped in 2019 with over $2.5 million in capital improvements, the property features efficient two‑bedroom layouts, modern interiors, and a highly stable renter base supported by proximity to both the university and the region’s primary employment drivers, including Intel and Nike within the “Silicon Forest.” The property’s turnkey condition, consistent high occupancy, and assumable 2.73% fixed‑rate debt position it as a low‑risk, durable income generator.

Oak Vale, the portfolio’s largest asset, is a 257‑unit community situated on ±16 acres in Corvallis, home to Oregon State University, the state’s largest university and a major hub for research, semiconductor, and AI‑driven investment. Built in two phases (1973/1995), Oak Vale offers a tranquil, park‑like setting with walking trails, an extensive amenity package, and a low‑density site that provides meaningful future upside through additional amenities. The Corvallis market is characterized by strict urban growth boundaries, minimal new supply, and sustained enrollment growth, resulting in long‑term occupancy averaging in the mid‑90% range.

Anjou Club, a 181‑unit community in Talent within the fast‑growing Medford MSA, complements the portfolio with a compelling value‑add profile. Built in 1990, the property features a diverse mix of flats, townhomes, and garden‑style residences across nearly 14 acres, along with one of Southern Oregon’s most robust amenity offerings. With new construction rents in the submarket materially exceeding in‑place rents, Anjou Club offers a clear path to rent growth through light interior upgrades and amenity enhancements while benefiting from strong population growth and limited housing supply.

Executive Highlights