Valley Ridge
Located in Eugene, Oregon, this property was purchased as part of the portfolio that included Capri at Eugene. The property had a large amount of deferred maintenance so MHE and its partner, MJW, have been constantly upgrading the units, decks, roofs, and doors. The units are a mix of 1 and 2 bedroom units, and a house that was included in the purchase was converted to a leasing office. This part of Eugene is a little edgy and has some hipster element. The partnership has been able to effectively raise rents through a combination of interior and exterior upgrades.
