SEATTLE, WA – Fourth Avenue Capital (FAC) bought Village on Broadway, a 148-unit Class B workforce housing community located in Spokane Valley, Washington. The acquisition expands FAC’s portfolio to 26 properties, including three others in the Spokane–Coeur d’Alene MSA.
Built in 1996, Village on Broadway sits on 7.3 acres and consists of 148 apartment homes across 13 residential buildings and a standalone leasing office. The community offers a diverse mix of one-, two-, and three-bedroom floorplans, averaging 926 square feet per unit. Residents benefit from multiple parking options, including 270 total spaces—featuring one carport per unit, as well as garage and surface parking.
Each apartment includes full-size washers and dryers, air conditioning, and built-in desks—a rare and differentiating feature for properties of this vintage, particularly attractive to residents working from home.
Strategically situated between downtown Spokane and Coeur d’Alene, the property offers convenient access to I-90, placing residents within simple reach of the region’s major employment hubs, shopping, and recreational destinations.
FAC plans to elevate Village on Broadway through targeted capital improvements. This includes enhancing the sense of arrival, upgrading amenities, and repainting the exterior.
“Village on Broadway is a well-located asset in a growth market with differentiated floorplans,” said Davis Vaughn, Managing Partner at Fourth Avenue Capital. “As a Spokane-based company, we are excited about the opportunity to invest locally and continue our commitment to quality housing in our home market.”

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RENO, NV – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced it has sponsored the buy of Lakeview and Sand Pebble/Spanish Oaks, two apartment communities in the Reno metropolitan area.
Hamilton Zanze sponsored the transaction through HZ Capital Partners Fund I, its discretionary fund that targets the acquisition of multifamily properties, alongside joint venture partner New York Life Real Estate Partners. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the properties, which sit within seven miles of one another.
“We’re thrilled to be expanding our portfolio in Reno—a market that continues to demonstrate strong fundamentals,” said David Nelson, president and chief investment officer at Hamilton Zanze. “With its business-friendly climate, a limited multifamily supply pipeline and recent investments from Amazon, Google and Tesla, Renois well-positioned for sustained rent growth. We’re keen to unlock value at both assets through a strategic value add program, including unit renovations, building upgrades and enhancements to the common areas and amenities.”
Located at 2600 East Shore Drive in Reno, Lakeview features 328 studio, one-, two- and three-bedroom homes and overlooks Virginia Lake. The community is surrounded by multiple biking/jogging paths, several golf courses and shopping centers, and is within a quick commute of the Reno Convention Center. Community amenities include a swimming pool, barbecue/picnic area, basketball court, onsite gym, laundry facility and playground. Homes include air conditioning, high-speed internet and private patios or balconies.
Sand Pebble/Spanish Oaks is situated at 1877 El Rancho Drive in nearby Sparks, Nev., and features 448 one-, two- and three-bedroom homes. The two-tale community, originally built in 1983, features a resident clubhouse, swimming pool, sauna spa, laundry facilities, basketball and tennis courts, onsite fitness center and additional storage space. Apartment features include air conditioning, high-speed internet, washer/dryer hookups, fireplaces, walk-in closets and private patios or balconies.
“We’re excited to continue our relationship with Hamilton Zanze,” said Albert Pura, senior director of transactions for New York Life Real Estate Investors. “The opportunity to buy these assets was very attractive given the outlook for Reno, initial basis, as well as the multiple layers to drive additional value.”

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IRVINE, CA – Intracorp announced that its new luxury boutique apartment community Aurum is now open to residents. The community is professionally managed by Greystar.
“We’re excited to welcome residents to Aurum,” Brad Perozzi, President of Southern California for Intracorp, said. “We’ve made a community that features modern architecture with gilded details and thoughtful amenities for renters who appreciate a gold standard in sophisticated living.”
Aurum offers floorplans in studio, one- and two- bedrooms as well as one- and two-bedroom loft layouts. The impeccably designed residences have two designer-inspired interior color end packages available and include spacious closets, a patio or balcony and privacy roller window shades.
The community’s rooftop deck with a Lanai-inspired pavilion, resort-style pool, indoor and outdoor lounge seating, giant LED TV wall, entertainment lawn, grills and a gourmet kitchen headlines the amenity package. The deck also has incredible views of Orange County including the Santa Ana Mountains. Aurum also includes a karaoke lounge, which is unique to the area.
Aurum has also developed partnerships with local businesses in the surrounding neighborhood.
Aurum is in Irvine, which is an economic center with an extraordinary quality of life. The community is in the center of everything. Aurum is close to John Wayne Airport, Fashion Island, South Coast Plaza and Irvine Spectrum malls and access to some of Southern California’s best beaches. The nearby mountains also provide trails and other recreational opportunities. The neighborhood is home to a growing tech and business scene, fantastic schools, UC Irvine and in close proximity to upscale dining options.

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