Investment Overview

River Lofts is located in Tualatin, Oregon, an affluent suburb of the Portland MSA. The property is situated along the banks of the Tualatin River, doubling as a lush backdrop and recreational amenity for residents. The property’s unique setting allows for both privacy as well as direct walking access to shopping, dining, and grocery options for residents to complete their everyday errands.

With an average unit size of ±976 square feet, River Lofts offers spacious floor plans compared to the market average, serving as a draw for residents who seek more living space. Vaulted ceilings and two-story townhome units also offer a superior option amongst the competitive set.

Starting in 2021, current ownership began to implement a successful renovation program. To date, 77% of the units have received significant luxury upgrades, and have proven renovation premiums of $287 (a 19.5% increase over classic homes), while 23% of the units are primed for value-add upside.

River Lofts provides a rare opportunity to acquire an asset that comes with a well-established renovation program offering immediate future upside, set within a region boasting remarkably robust demographics and sought-after educational institutions. The city of Tualatin is a rising star in the Pacific Northwest multifamily investment scene. With rapid job growth, an abundant outdoor recreation, and vibrant retail centers, Tualatin’s strategic location attracts residents seeking proximity to Portland’s downtown core while enjoying a more affordable and serene suburban environment.

Proven Renovation Program with Remaining Upside

With an average achieved rent of $1,758, renovated units have yielded an impressive average rental premium of $287 (19.5% increase) over the previous leased rate.

Exceptional Demographic Profile

Tualatin boasts one of the best demographic profiles of any submarket in the Portland MSA. The average household income within a 3-mile radius of River Lofts is an impressive $126,326 per year.

Affluent Suburb with Strong Schools

The Tigard-Tualatin School District is consistently ranked as one of
the top 10 school districts in Oregon, rated “A” by Niche.com.

Immediate Accessibility to Shopping & Dining

Three high-quality, destination retail centers within walking distance
to River Lofts including Bridgeport Village, often touted as the premier
lifestyle center in the Portland MSA.