Alta Civic Station

Alta Civic Station (the “Property”) is a 318-unit new construction multi-housing community located in the rapidly growing Gresham submarket, adjacent to the Civic Drive Max Station. The Property’s central location within the submarket and proximity to public transit creates immediate accessibility to several of the region’s largest economic drivers, which have experienced rapid expansion due to the business-friendly economic incentives of Gresham. Positioned in the heart of the city, the location is walking distance to the area’s most sought after lifestyle amenities, while only 20-minutes east of Downtown Portland and less than an hour from an array of winter sport destinations on Mt. Hood. Alta Civic Station offers a suburban lifestyle unparalleled in Gresham, attributable to the Property’s modern interior design, comprehensive community amenity set, ground floor retail plaza, and walkability to nearby retail destinations. 

Consistent population growth combined with developable land constrained by the urban growth boundary has created favorable supply and demand fundamentals in Gresham, as only 1,751 market rate multi-housing units have delivered since 2010 despite 10% population growth (a 10,686-population increase). Located within Gresham’s Vertical Housing Development Zone, the property benefits from a tax abatement on 78% of residential improvements with 8 years of term remaining.