Multifamily Redevelopment. 48,966 sq. feet. Units- 72. TOTAL PROJECT COST: $9.3m
Located in Beaverton, Oregon, J3 was acquired by Westland in 2016. The property was in severe disrepair, allowing it to be purchased with a strong discount. A comprehensive exterior & interior remodel was deployed, resulting in a substantial increase in rental revenue. The property is located near the Cedar Hills shopping center, which has received substantial recent retail development and has transformed the area into a bustling shopping area.