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September 8, 2026

Modular apartments in Bend, Oregon, sell to Fourth Avenue Capital for $20M

By BRIAN MILLER
Real Estate Editor

Photos via eMZed Architecture [enlarge]
The 87-unit Steppe apartments were completed last year.

With an office here in Seattle, Fourth Avenue Capital is an active multifamily investor and developer up and down the West Coast. One example of its reach, in Bend, Oregon, is the new Steppe apartments. That three-story, 87-unit project was completed last year. CBRE soon put it on the market, and Fourth Avenue paid just over $20 million to acquire it last month.


 
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