STRATEGIC HOLD & DATA-DRIVEN TIMING

ST. MARY’S CROSSING

CLIENT GOAL
In 2020, The Christensen Group helped our client exchange into St. Mary’s Crossing—a well-located, unrenovated apartment asset in Beaverton, Oregon. The off-market purchase at $4,260,000 (5.42% cap) provided reliable cash flow and long-term upside, serving as the upleg in a 1031 exchange from a previously sold asset.

STRATEGY
Over the next two years, we partnered with the owner through regular Operational Edge reporting, tracking NOI growth and market conditions to identify the right window to exit. Though the property hadn’t undergone significant upgrades, strong tenant demand and submarket appreciation created substantial value.

RESULT
In 2022, we sourced a motivated 1031 buyer off market and closed at $6,235,000 (2.86% cap)—a substantial equity gain and near peak pricing. This off-market exit allowed the seller to confidently capitalize on value appreciation and prepare for their next investment opportunity.

VALUE ADD
This transaction demonstrates our ability to guide clients through the full exchange cycle—from acquisition to strategic sale—while leveraging proprietary analysis and buyer relationships to maximize pricing in any market.

St. Mary’s Crossing - Beaverton,OR

Selling Price: $6,235,000

Year Built: 1980

Units: 29

Cap Rate: 2.86%

Square Footage: 22,350