Newmark is pleased to present the opportunity to acquire the Orenco Station Portfolio, consisting of Vector, Rowlock and Hub 9 (the “Portfolio”), a combined 609-unit, suburban, transit-oriented multifamily portfolio located in Washington County’s premier master-planned Orenco Station community. This prime location in Hillsboro, one of Portland’s most sought-after submarkets, is often referred to as the Silicon Forest as it is home to more than 27,000 tech sector jobs and proximate to 50,000 advanced manufacturing jobs located across Washington County. The Portfolio offers quality construction with the potential to unlock additional yield through a targeted renovation strategy. The three assets were constructed in 2015 and 2016 and can be acquired individually or as a portfolio.

The Portfolio is a short distance to Intel’s Ronler Acres Campus (~20,000 jobs) which is the company’s research & development hub. Other high-paying employers including tech, advanced manufacturing and healthcare which provide an affluent renter base with demand for modern finishes and upscale amenities. Residents enjoy convenient access to excellent retail amenities including New Seasons, Whole Foods, Costco and the Streets of Tanasbourne. Additionally, the MAX Blue Line light rail station is just steps out the front door, providing access to downtown Portland, the Portland International Airport and connectivity job centers throughout the metro.

Vector, Rowlock, and Hub 9 present investors with a rare opportunity to deploy a significant amount of capital in one of the Pacific Northwest’s most desirable and fastest growing suburban submarkets with direct transit access and exceptional renter demographics. The Portfolio’s high-quality construction, desirable floor plans and upscale amenities are popular with the affluent workforce employed by Intel and the surrounding cluster of technology and advanced manufacturing employers. The Portfolio is positioned to benefit from a continued market recovery, a tapering supply pipeline and the opportunity to capture additional yield through targeted unit and common area upgrades.