Clay & Tiffany is a two-building portfolio of vintage buildings that are connected via underground tunnel with 62 studio and one-bedroom apartment units. The residential units are charming and the property sits near Portland State University in downtown Portland, Oregon. This pocket of the city is excellent being right at the edge of downtown, adjacent to a major university, and surrounded by new construction assets. It is also kitty corner to a prominent concert hall that is a site for great music and performances.

Prior to acquisition the property had been substantially updated; the building has already undergone a seismic retrofit, the plumbing and electric systems have been upgraded, and the interior hallways and corridors received a tasteful remodel. Our business model is based primarily on market timing, having purchased at an advantageous price with positive leverage as well as achieving operational efficiencies.