East Village Apartments

890 Dougherty Dr NE, Castle Rock, Wa

19

Units

Acquisition Date:

Summer 2023

Overview

East Village offered the opportunity to control a low density residential asset in a supply constrained market with strong renter demand. Since acquisition, a targeted improvement program has been executed to enhance the resident experience while maintaining long term affordability, with more than half of the units fully renovated through natural turnover. Improvements include in unit washer and dryers, updated kitchens, new flooring, fresh paint, and modern fixtures. These upgrades have driven total annual rent growth in excess of 38,000 while maintaining occupancy above 95 percent throughout the hold period. All improvements were completed without disrupting investor yield, with monthly cash flow distributions maintained from the start of ownership. With renovated interiors, stable operations, and strong market fundamentals, East Village is positioned as a high performing, low maintenance asset in a growing suburban market.

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.