Fourth Avenue Capital Acquires WA Apartments in Off-Market Transaction
Fourth Avenue Capital, a real estate investment, development, and operating company headquartered in Seattle and Spokane, purchased The Ridge, a multifamily property located in Vancouver, Washington. After closing the off-market transaction, Fourth Avenue Capital now owns 18 assets across its portfolio, including three other properties in the Portland MSA.
Built in 1987, The Ridge consists of 80 apartment units, and the property includes a leasing office, a playground, and a pool. The Ridge features large floorplans averaging 1,030 square feet. The complex is located near the $1.5 billion 32-acre Vancouver waterfront project, which is underway by the Columbia Waterfront LLC; a collaborative partnership led by Gramor Development.
The 20-block project already features 1.3 million square feet of office space, 250,000 square feet of retail space, a 7.3-acre park, and the Hotel Indigo.
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.