SEATTLE, WA – Fourth Avenue Capital (FAC) announced the acquisition of Spring Woods, a 174-unit Class A apartment community in Salem, Oregon, and Silver Star, a 72-unit Class A community in Kalispell, Montana. These acquisitions expand FAC’s portfolio to 30 properties.
Spring Woods – Salem, Oregon: Completed in May 2025, Spring Woods consists of 174 apartment homes across 10 residential buildings and a dedicated leasing office situated on 6.98 acres. The community offers a balanced mix of one-, two-, and three-bedroom floor plans ranging from 640 to 1,215 square feet, with an average unit size of 1,001 square feet. Each residence includes an in-unit washer and dryer and air conditioning.
Interior finishes reflect high-end Class A new construction standards in the local market, featuring quartz countertops, modern cabinetry, vinyl plank flooring, stainless steel appliances, and private patios or decks. Community amenities include a leasing office, dog run, and children’s playground, providing a well-rounded living environment for residents…