Home Finance Fourth Avenue Capital Buys 87-Unit Steppe Apartments in Bend for $20MM
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Fourth Avenue Capital Buys 87-Unit Steppe Apartments in Bend for $20MM

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Gemdale USA, Skyglass, Seattle, King County, New York City, San Francisco, Dallas, Pasadena, First Hill, Roundhouse, ICONIQ Capital, Puget Sound
Photo by Hans Eiskonen on Unsplash
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CBRE brokered the sale of a brand-new, 87-unit apartment community in Bend, Oregon at a per-unit price below what a similar Bend property fetched two years ago, even as the city's overcrowded construction pipeline finally shows signs of thinning out. Seattle-based Fourth Avenue Capital made the $20.025 million aquisition of Steppe, an 87-unit multifamily community […]

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