Seven Acres

Seven Acres (the “Property”) is a 234-unit new construction multi-housing community located in the rapidly growing Milwaukie submarket, adjacent to New Seasons and a short walk from Downtown Milwaukie. Located ten minutes south of Downtown Portland, Seven Acres offers a high-quality suburban lifestyle with convenient access to the region’s major economic drivers, including OHSU, Portland’s largest employer. Situated between Southeast Portland and Clackamas, housing demand is driven by employment supported by over 21 million square feet of industrial space accessible within 5-miles of the property. Delivered in April of 2023, property performance has demonstrated strong demand for the luxury unit finishes and expansive community amenities, as the property has achieved an average of 16 leases per month and successfully removed all concession offerings at the beginning of June.

Seven Acres presents investors the opportunity to acquire a newly built asset in a supply constrained submarket, offering a rental housing product that is the first of its kind in a burgeoning suburban location.