Boutique Multifamily Development Opportunity Opportunity to acquire and advance a proposed 44-unit multifamily development in Vancouver, Washington, totaling approximately 31,193 residential rentable square feet.

Favorable Vancouver Market Fundamentals Vancouver has experienced sustained long-term population growth, increasing by approximately 36% since 2000 to nearly 200,000 residents. This growth supports the investment thesis for newly delivered multifamily product.

Efficient Residential Program Unit mix is weighted toward studios, one bedroom, and two-bedroom residences, supporting broad renter demand and efficient lease-up potential.

Zoning-Supported Path to 60 Units Current zoning provides a potential path to permit up to 60 residential units, representing a 36% increase over the current 44-unit plan.

Opportunity Zone Value Enhancement Evergreen Lofts is located within a designated Opportunity Zone, creating potential tax-advantaged economics for qualified investors using Opportunity Zone capital.

Supportive Rent Environment Vancouver median apartment rents generally range from approximately $1,750 to $1,865 per month, with one-bedroom rents around $1,418 and two-bedroom rents around $1,850, providing relevant support for underwriting the project’s efficient unit mix.