Farr Court Apartments, Aspen Apartments, and Revere Ridge Apartments

210 S. Farr Rd., Spokane Valley, WA, 1723 N. Union Rd., Spokane Valley, WA, 15821 E. 4th Avenue, Spokane Valley, WA

337

Units

Acquisition Date:

Winter 2017

Overview

Aspen, Revere Ridge, and Farr Court Apartments are a 337 unit portfolio acquired in 2017, consisting of three similarly constructed 1996 vintage communities located within a few miles of each other in Spokane. The consistent design enabled operational efficiencies through shared staffing, maintenance, and oversight from inception. The acquisition was intentionally timed ahead of Spokane’s emergence as a nationally recognized multifamily market, allowing entry at a strong basis and positioning the portfolio to benefit from subsequent rent growth driven by job and population expansion. The properties were acquired via assumption of existing agency debt using 1031 exchanges, preserving investor capital and securing stable long term financing. Since acquisition, targeted capital improvements have been implemented across the portfolio, including infrastructure upgrades, exterior and parking improvements, amenity additions, and unit renovations through natural turnover, all completed without disrupting cash flow or affordability. The portfolio has delivered consistent and growing monthly distributions supported by disciplined asset management and hands on oversight. Today, Aspen, Revere Ridge, and Farr Court represent a stabilized, efficiently operated portfolio with durable cash flow and long term return characteristics.

Location

© Copyright 2026. All Rights Reserved

The content provided on this website is for informational purposes only. While the information presented is believed to be accurate as of the date posted, no representation or warranty, express or implied, is made as to its accuracy, completeness, or reliability. All summaries, projections, opinions, and statements are provided for discussion purposes only and should not be relied upon as guarantees of future performance.

Nothing on this website constitutes an offer to sell or a solicitation of an offer to buy any securities or investment interests. Any investment involves significant risk, including the possible loss of principal. Past performance is not indicative of future results. Visitors to this website should conduct their own independent due diligence and consult with their own legal, tax, and financial advisors before making any investment decisions.

The authors and their affiliates expressly disclaim any and all liability for any direct, indirect, or consequential loss or damage arising from the use of, or reliance upon, any information contained on this website. All financial information, projections, assumptions, and estimates are subject to change without notice. Any references to potential returns or performance are illustrative only and do not constitute a guarantee of results.

By accessing or using this website, you acknowledge and agree that you are solely responsible for your own investment decisions and for independently verifying all information presented herein.

© Copyright 2026. All Rights Reserved

The content provided on this website is for informational purposes only. While the information presented is believed to be accurate as of the date posted, no representation or warranty, express or implied, is made as to its accuracy, completeness, or reliability. All summaries, projections, opinions, and statements are provided for discussion purposes only and should not be relied upon as guarantees of future performance.

Nothing on this website constitutes an offer to sell or a solicitation of an offer to buy any securities or investment interests. Any investment involves significant risk, including the possible loss of principal. Past performance is not indicative of future results. Visitors to this website should conduct their own independent due diligence and consult with their own legal, tax, and financial advisors before making any investment decisions.

The authors and their affiliates expressly disclaim any and all liability for any direct, indirect, or consequential loss or damage arising from the use of, or reliance upon, any information contained on this website. All financial information, projections, assumptions, and estimates are subject to change without notice. Any references to potential returns or performance are illustrative only and do not constitute a guarantee of results.

By accessing or using this website, you acknowledge and agree that you are solely responsible for your own investment decisions and for independently verifying all information presented herein.

© Copyright 2026. All Rights Reserved

The content provided on this website is for informational purposes only. While the information presented is believed to be accurate as of the date posted, no representation or warranty, express or implied, is made as to its accuracy, completeness, or reliability. All summaries, projections, opinions, and statements are provided for discussion purposes only and should not be relied upon as guarantees of future performance.

Nothing on this website constitutes an offer to sell or a solicitation of an offer to buy any securities or investment interests. Any investment involves significant risk, including the possible loss of principal. Past performance is not indicative of future results. Visitors to this website should conduct their own independent due diligence and consult with their own legal, tax, and financial advisors before making any investment decisions.

The authors and their affiliates expressly disclaim any and all liability for any direct, indirect, or consequential loss or damage arising from the use of, or reliance upon, any information contained on this website. All financial information, projections, assumptions, and estimates are subject to change without notice. Any references to potential returns or performance are illustrative only and do not constitute a guarantee of results.

By accessing or using this website, you acknowledge and agree that you are solely responsible for your own investment decisions and for independently verifying all information presented herein.