Fourth Avenue Capital Acquires 87-Unit Apartment Complex In Bend Oregon For $20M From National Real Estate Advisors

The sale involved a multi-family asset located at 2365 Northeast Conners Avenue in Bend, OR. Fourth Avenue Capital acquired the property for $20 million. The apartment complex consists of 87 units, with a price per unit of $229,885, and was completed in 2025. The property features six buildings containing one- and two-bedroom units, along with amenities such as a clubhouse, outdoor gathering areas, electric vehicle charging, and a dog wash station.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $20,000,000
• Buyer: Fourth Avenue Capital
• Seller: National Real Estate Advisors
• Brokers: Sam Lawhead, Joe Nydahl, Matt Dodd & Josh McDonald - CBRE
• Units: 87
• Price Per Unit: $229,885

The transaction included key participants from both the buyer and seller sides. Fourth Avenue Capital represented the buyer group in this acquisition, while National Real Estate Advisors sold the property. The brokerage team from CBRE facilitated the transaction, comprising Sam Lawhead, Joe Nydahl, Matt Dodd, and Josh McDonald.