Seattle and Spokane-based real estate investment, development, and operating company Fourth Avenue Capital has recently acquired The Ridge, a multifamily property in Vancouver, Washington. This off-market transaction adds to the company’s portfolio of 18 assets in the Portland metropolitan area.
The Ridge was built in 1987 and consists of 80 spacious apartment units with an average size of 1,030 square feet. Amenities include a leasing office, playground, and pool. The property is strategically located near the $1.5 billion waterfront project by Columbia Waterfront LLC – a partnership led by Gramor Development – which spans over 32 acres and already features over 1.3 million square feet of office space as well as retail space totaling at least250000 square feet along with other attractions such as Hotel Indigo.
This latest acquisition further solidifies Fourth Avenue Capital’s presence in the region’s real estate market while also positioning them for potential future growth opportunities within this thriving community.
