Fourth Avenue Capital Acquires New Construction 174-Unit Spring Woods Apartments in Salem for $39.3MM

The Seattle-based middle-market multifamily firm's acquisition at approximately $225,862 per unit continues its strategy of targeting newly built assets below replacement cost in growing Pacific Northwest secondary markets Seattle-based Fourth Avenue Capital has acquired Spring Woods Apartments, a 174-unit, newly constructed apartment community at 4040 Hayesville Drive NE in Salem, Oregon, for $39.3 million, according […]