Broadmoor Apartments is a riverfront multifamily community in Spokane originally built in the 1960s as HUD designated senior housing. After decades of minimal reinvestment and inefficient use of space, the property presented a clear opportunity for repositioning and value creation. The business plan focused on converting underutilized areas into rentable square footage, restoring a refined mid century design aesthetic, and upgrading unit interiors and common areas while adding income producing amenities. The full transformation was completed within 18 months, resulting in improved resident quality, strong lease up performance, and significant rent growth. In 2021, the property was refinanced and 100 percent of invested equity was returned to investors. Broadmoor now operates as a stable, modernized asset with optimized layouts, strong cash flow, and continued appreciation potential. The current plan is to sell the property by 2027 and complete a 1031 exchange.