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Acquisition Date:
October 2022
Property Type:
Multifamily
Location:
Beaverton, Oregon
Asset Size:
87 Residential Units + 2,280 SF Retail
Strategically located in the heart of downtown Beaverton, Westline Apartments was acquired by SR Watt Company in October 2022 as part of its strategic investment focus on high-growth suburban markets. With an impressive Walk Score of 95, Westline offers residents unmatched urban convenience, surrounded by a dynamic mix of coffee shops, breweries, and restaurants, all within walking distance of the Central MAX light rail station—offering seamless connectivity to the greater Portland area.
At the time of acquisition, in-place rents were below market levels, presenting a compelling value-add opportunity to capitalize on rental upside in a rapidly growing and desirable location. SR Watt’s investment strategy for Westline focuses on optimizing operational efficiencies and enhancing resident satisfaction through proactive management and targeted property improvements.
Significant enhancements have already been made to key amenity spaces, includingupgrades to the rooftop community area—providing residents with an inviting outdoor retreat—and modernization of the resident gym, aligning with today’s demand for premium lifestyle amenities.
By fostering strong resident relationships and implementing strategic asset improvements, SR Watt aims to unlock Westline’s full potential, ensuring long-term value creation while offering an exceptional living experience in Beaverton’s thriving urban core.
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