#United States #Medford #Fourth Avenue Capital #Ridgewood Apartments #Medford Oregon

Fourth Avenue Capital Expands Its Portfolio

In a strategic move to solidify its presence in the Pacific Northwest, Fourth Avenue Capital (FAC) has officially acquired Ridgewood, a 96-unit Class A apartment community located in Medford, Oregon. This acquisition, announced on November 14, 2025, reflects FAC's commitment to expanding its portfolio, now totaling 28 properties, 13 of which are already established in Oregon.

Established between 2002 and 2004, Ridgewood was initially designed as for-sale condos and now houses 96 spacious apartment units distributed across 13 residential buildings. Each unit is notably large, averaging 1,380 square feet, offering configurations of either 2-bed/2-bath or 3-bed/2-bath, with sizes ranging from 1,127 to 1,599 square feet. Ridgewood also boasts features that set it apart, such as ceiling heights reaching 9 feet, and majestic 10-foot vaulted ceilings in second-floor living spaces.

Alongside generous living space, residents enjoy numerous amenities, including private garages for each unit, additional surface parking, and a favorable parking ratio of over two spaces per unit. The interior finishes are modern and appealing, featuring laminate countertops, hardwood cabinets, expansive kitchen layouts, and essential connections for washers and dryers.

The Medford Market

Medford, recognized as the largest city in southern Oregon, serves a metropolitan area with over 228,000 residents. The city is anchored by a robust job market primarily focused on healthcare and education industries, with the Asante Health System being the largest employer in the region. Asante is currently engaged in an extensive expansion project exceeding $1 billion, with the main facility, Rogue Regional Medical Center, located less than a mile from Ridgewood.

The lifestyle quality in Medford is high, with residents enjoying proximity to several golf courses, scenic wineries, and the Mount Ashland Ski Area, all within a 45-minute drive from the city center. This combination of recreational opportunities and a stable job base enhances the appeal of Ridgewood.

FAC has taken over the seller's existing financing, which carries an attractive interest rate of 3.89% until 2030. Speaking on the acquisition, Davis Vaughn, Managing Partner at Fourth Avenue Capital, shared, “Ridgewood is an infill, condo-quality asset with differentiated floorplans due to their size. By selectively focusing on growing secondary markets with limited supply, we are able to deliver outsized yield to our investors.”

Focus on Growth

Fourth Avenue Capital, headquartered in Seattle and Spokane, Washington, specializes in real estate investment, development, and operations primarily focusing on middle-market multifamily assets. To date, FAC has successfully acquired over 1,500 units, with significant developments in its pipeline, exceeding 500 units and anticipated costs of $150 million. With assets under management totaling more than $450 million, the company aims to continue its strategic growth by acquiring valuable properties and fostering strong relationships within the industry.

Moreover, Fourth Avenue Capital is committed to aligning investor interests while implementing sustainable practices, aiming to create lasting value and positively impact the communities in which it operates. For more information about their mission and current projects, you can visit their website at www.fourthavecapital.com.