Investment Highlights
- Proximity to Growing Economic Drivers: Vancouver properties located within a 5-minute drive to Downtown Vancouver and Vancouver Waterfront redevelopment. Lindale near PeaceHealth & U of O.
- Proven Value-Add Upside: Current ownership has implemented a "partial" renovation scope across roughly 38% of the units and a "luxury" renovation scope across roughly 5% of the units.
- Long-Term Pride of Ownership: Each of the properties have been cared for by the same local owner-managed team for 30 to 50 years. Current ownership has consistently reinvested in the properties.
- Compelling Investment Metrics: The collective portfolio reflects an attractive basis well below current replacement cost, and attractive return metrics with future upside through a continuation of the existing value-add business plan.
- Consistently Low-Vacancy Submarkets: The average occupancy rate within a 3-mile radius of the Vancouver properties has been 96.0% dating back to 2014. The average occupancy rate within a 3-mile radius of Lindale has been 96.7% over the same time period.
Exclusively listed by
Related Research
More Listings from Anthony Palladino
PNW Portfolio
