Rogue Valley Village
3761 South Pacific Highway, Medford, OR, 97501, US
$3,250,000 | 76 units
Asset description
Prism at Diamond Ridge (the “Property”), is a newly constructed, 336-unit luxury suburban apartment community located directly off I-376 in the coveted Moon Township, equidistant to downtown Pittsburgh and the Pittsburgh International Airport. Prism at Diamond Ridge is strategically located in the heart of the Parkway West Corridor, one of suburban Pittsburgh’s largest employment centers. This thriving submarket is home to several of the region’s major employers, including Dick’s Sporting Goods, FedEx Ground, and Connective Rx, among many others. Over the past decade, the submarket has experienced explosive growth, driven by its impressive stock of best-in-class office parks and retail establishments.
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Attributes
Units
336
Year built
2023
Building class
Class A
Investment strategy
Core
Media
Investment highlights
Recent leasing activity underscores the Property’s strong performance. Over the trailing 90-day period, 30 new leases were signed at an impressive 7.76% increase above the previous net effective rental rates, while the last 24 renewals saw an average increase of 3.62%. Additionally, 20 of the 336 units feature a signature collection, which includes upgraded cabinetry, premium kitchen hardware, walk-in showers, deluxe closet systems, and more. These units command a premium of $175, offering ownership the opportunity to expand this premier package program.
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Last updated
Mar 12, 2025
