61-unit, apartment community in the Portland submarket of Beaverton, Oregon. Beaverton is on the cusp of tremendous economic growth, driving significant demand for high quality housing options for residents throughout the area. The Portland metro has also established itself as the sports apparel capital of the nation, with brands such as Nike and Columbia Sportswear taking up residence here, just a mile away from Icon. The property will undergo a full exterior renovation which includes fresh paint and landscaping, as well as extensive interior upgrades to each unit, including new vinyl wood plank flooring, modern cabinetry, high-end finishes, and remodeling of the fireplaces.
- No. of Units: 61
- Acquisition Date: October 2016
- Acquisition Price: $7,025,000
- Renovation Costs: $1,800,000