Oak Street Lofts

Tigard, OR

Acquired July 2022

At a Glance

The Property is a Class A property located in Tigard, Oregon, a suburb of Portland.

Investment Rationale

  • In-migration from more expensive West Coast markets and elsewhere has contributed to population and market rent growth that have each exceeded the national average.

  • High barrier to entry market due to Portland’s “urban growth boundary” that restricts urban sprawl to protect farms and forests. Given the limited availability of nearby land sites, only one multifamily property is currently under construction within five miles.

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