STABILIZED ASSET: All tenants are original (9+ years), recession-tested, and have 5, 6, or 7 years remaining on their lease terms
RENT GROWTH: All tenants have 3% annual rent bumps
COUPON CLIPPER: All landlord responsibilities are handled by property management and the HOA
NO SURPRISES: All expenses, including property management, are pass-through
BUYING POWER: Median income of neighborhood is 62% above the City of Portland average
GROWTH: 6.5% projected population growth over next 5 years
TROUBLE-FREE: Newer construction + HOA has healthy reserves
NOTE: Rent Roll, income and cap rate are effective 9/1/19.