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South Vista

South Vista

The Property:
South Vista Apartments is a well-located 30-unit garden-court community in Salem, Oregon. The asset is one block from the Commercial Fairview Shopping Mall and the more than 100,000 sq ft of retail found along Commercial Street.

Opportunities and Challenges:
South Vista completed extensive exterior improvements before the sale, including new siding, balconies, and landings. Unit interiors were well-maintained with newer flooring, countertops, and paint. The property’s location and updates made South Vista an attractive investment.

This was an exchange for the seller involving strict timeframe requirements. HFO worked with the investors to meet timeframes and close quickly despite additional challenges posed by the COVID-19 pandemic.

HFO Quote