Fourth Avenue Capital (FAC) announced the acquisition of Spring Woods, a 174-unit class A apartment community in Salem, Ore., and Silver Star, a 72-unit class A community in Kalispell, Mont. These acquisitions expand FAC's portfolio to 30 properties.
Completed in May 2025, Spring Woods comprises 174 apartment homes across 10 residential buildings and a dedicated leasing office on 6.98 acres. The community offers a balanced mix of one-, two- and three-bedroom floor plans ranging from 640 square feet to 1,215 square feet, with an average unit size of 1,001 square feet. Each residence includes an in-unit washer and dryer and air conditioning.
Interior finishes reflect high-end class A new-construction standards in the local market, featuring quartz countertops, modern cabinetry, vinyl-plank flooring, stainless-steel appliances, and private patios or decks. Community amenities include a leasing office, dog run and children's playground.
From 2023 to 2024, Salem rank
