Cozine Creek & Fir Villa

COZINE CREEK & FIR VILLA APARTMENTS – MCMINNVILLE & KEIZER, OR
Selling Price: Undisclosed (Portfolio Sale)
Year Built: 2000–2002
Total Units: 101 Units Combined
Portfolio Type: Original Condition, True Value-Add
Buyer: California-Based Private Investor

CLIENT SUCCESS STORY – MAXIMIZING VALUE THROUGH COMPETITIVE POSITIONING

CLIENT GOAL
The seller, the family of the original developer, had owned and operated both Cozine Creek and Fir Villa Apartments since their construction in the early 2000s. With the next generation stepping back from active property management, their goal was to bring both assets to market as a portfolio—preserving the family’s legacy while capturing the embedded value from decades of ownership.

CHALLENGE
Although well-maintained, both properties remained in original, unrenovated condition, presenting a textbook value-add opportunity. However, the 45-minute distance between McMinnville and Keizer introduced operational inefficiencies that made the portfolio more complex to manage. These geographic logistics required a thoughtful approach to marketing and buyer selection.

ACTION
The Christensen Group launched a strategic marketing campaign designed to highlight the long-term ownership, stable operations, and clear renovation upside. We targeted buyers experienced in repositioning suburban multifamily and comfortable managing multiple locations. By leveraging our network of active exchange and private investors—especially in California—we created a highly competitive bidding environment.

RESULT
Multiple strong offers were received, and the portfolio ultimately sold to a California-based private investor with a track record of executing value-add strategies in Oregon. The transaction achieved the seller’s financial goals and transitioned the properties to a buyer ready to unlock their next phase of potential. This deal underscores The Christensen Group’s ability to navigate non-traditional portfolios and deliver high-impact results for generational owners.