Descripción del activo
JLL Capital Markets is pleased to present Birch Pointe (the “Property” or “Community”), a 248-unit garden-style community positioned among the Portland MSA’s largest economic drivers, most sought-after retail destinations, and major transportation routes. Located in Beaverton, residents benefit from the top-rated school district, proximity to an industry-leading footwear company world headquarters*, Intel, and a host of rapidly-growing technology companies that are poised for expansion due to local pro-business legislation and the $280B CHIPS Act.
Current ownership has invested extensively in capital projects, upgrading community amenities and select unit interiors. Approximately 26 units (10%) have received a premium renovation package, achieving an average premium of $318 or 19% greater than the respective recently achieved rent on non-renovated units. Birch Pointe presents a rare opportunity to acquire a large-scale asset in the region’s premier suburban submarket, which is ideally positioned to capture rent growth and value-add upside through further interior renovations.
*Pseudonym used for JLL client confidentiality
Atributos
Medios
Aspectos destacados de la inversión
- Advantageous interest only assumable financing
- Proven interior renovation value-add program with additional upside
- Surrounded by expanding large-scale economic drivers
- Proximity to the region's most sought-after suburban lifestyle amenities
- Unparalleled connectivity to major thoroughfares and public transit
- Premier suburban submarket with strong rent growth fundamentals
- Discount to reproduction cost with significant barriers to entry
- Difficult to replicate low-density layout and large floor plans, with rare unit features including vaulted ceilings in top-floor units
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