Background

In 2013, Blue Heron entered into a partnership with The Bainbridge Companies, an experienced multifamily developer, to develop a new community comprised of 322 Class A garden-style apartments with excellent amenities, access to shopping and proximity to universities and employment drivers.

Achievements

  • Bainbridge broke ground in late 2013
  • The development finished in December of 2014, on schedule and under budget
  • In August of 2015 the property achieved stabilized occupancy at a pace and rate that exceeded proforma
  • The Property was sold in July of 2016