Spring Woods, a 174-unit apartment community located in Salem, Oregon, offers institutional investors a rare opportunity to acquire scale, quality, and yield in Oregon’s state capital — combining brand-new construction, strong lease-up momentum, and favorable long-term fundamentals in a limited-supply market. The unit mix consists of 27 1-bed/1-bath apartments, 111 2-bed/2-bath apartments, and 36 3-bed/2-bath apartments.
 
The asset provides immediate income growth potential with the stability of a core-quality product, making it one of the most compelling core-plus multifamily offerings in the Pacific Northwest. Post-stabilization, Spring Woods is expected to deliver an NOI of $2,637,000, representing a yield-on-cost of 6.6% and a market cap rate of 6.1%.

Contact Matt Miller for Offering Memorandum.