Investment Highlights
- High Barrier-to-Entry Market with Limited New Supply: Located just 1.5 miles from Portland's Urban Growth Boundary, the apartment supply pipeline is severely constrained with only two apartment communities under construction in a three-mile radius (531 total units).
- Discount to Replacement Cost: Given the lack of developable land in the area, replacement costs for garden product are estimated to be 20% to 25% higher than pricing guidance for Arbor Heights on a per unit basis.
- Rare Institution Quality Garden Asset: Arbor Heights boasts a superior physical plant and presents a seldom-seen opportunity to acquire a suburban asset of this scale in the Portland MSA.
- Resort-Style Amenities and Views: Current ownership has made significant capital investments into the community's common areas which differentiate Arbor Heights from the competitive set.
- Excellent West Side Suburban Location: The Tigard-Tualatin area is touted for its high quality of life and strong school system.
- Nearby Employment Drivers and Premium Shopping: Residents benefit from convenient access to Nike, Intel, and OHSU, the three largest employers in the region, as well as two of the metro's premier shopping destinations; Bridgeport Village and Washington Square Mall.
Exclusively listed by
Broker of Record
David Tabata
Managing Director, Market Leader - Oregon
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