SCP INVESTS IN WESTERN UNITED STATES MULTIFAMILY PROPERTIES.
Sendero Apartments is located in the high barrier to entry coastal Southern California submarket of Huntington Beach. The property was in vintage condition with common areas and interiors in need of repositioning. SCP saw a need for renovated Class B multifamily in the market as Sendero was one of 3 properties built between 1980 and 2012 in the entire city.
The Beaverton portfolio is a 3-property portfolio in the Beaverton suburb of Portland. The portfolio is well located to Nike and Intel, Portland’s 2 largest employers; and in fact, one of the properties sits across the street from Nike’s main entrance.