Oak Creek is a 180-unit multifamily community located in Vancouver, Washington, one of the Pacific Northwest’s fastest-growing suburban markets. The Property benefits from an exceptional in-place HUD loan featuring a fixed 2.18% interest rate and approximately 30 years of remaining term, providing durable cash flow, significant downside protection, and a financing advantage that is virtually impossible to replicate in today’s market.

The investment thesis combines attractive assumable debt, a strategic location, and a nearly completed value-add business plan. Oak Creek is positioned at the intersection of WA-500 and I-205, offering convenient access to Downtown Vancouver, Portland International Airport, Downtown Portland, and the Columbia River recreation corridor. The surrounding trade area is supported by strong demographics, median household incomes exceeding $100,000, and a wide range of retail, dining, and lifestyle amenities.

Chartwell will complete renovations on the remaining 36 classic units and implement targeted amenity enhancements, including a dog park, pool-area improvements, and valet trash service. With minimal renovation risk remaining, attractive rent-to-income ratios, and irreplaceable financing in place, Oak Creek offers a compelling opportunity to generate stable cash flow and long-term value appreciation in a high-growth market.