Grand Peaks Properties and Pacific Coast Capital Partners Acquire West End District Apartments in Beaverton, Oregon
Denver-based Grand Peaks Properties has acquired the West End District apartment community in Beaverton, Oregon, in partnership with Pacific Coast Capital Partners, the company announced Sept. 3.
The property, located at 14700 SW Rocket St in Beaverton's West End area, is a Class A multifamily community offering studio, one-bedroom, and two-bedroom floor plans. Unit sizes range from approximately 600 square feet for studios to roughly 1,164 square feet for larger two-bedroom layouts. Asking rents span from about $1,412 to $1,540 per month for studios, $1,730 to $1,830-plus for one-bedrooms, and $1,810 to $2,200 for two-bedroom units.
Property Profile and Location
West End District is positioned within Beaverton's west side tech corridor, near major employment centers associated with Intel, Nike, and other employers, as well as transit access serving the broader Portland metro area. The property's amenity package and rent levels are consistent with newer institutional-quality suburban multifamily development in the region.
The acquisition adds a stabilized, higher-rent asset to Grand Peaks Properties' portfolio. At current asking rents, the property operates at a significantly higher rent-per-square-foot level than older Beaverton multifamily stock. For comparison, a separate 21-unit, 1977-built property in Beaverton — West End Apartments at 10285–10305 SW Denney Rd — traded at approximately $4.15 million, or roughly $197,619 per unit, at a 5.76% cap rate, with asking rents in the $1,299–$1,750 range. West End District represents a newer, larger, and higher-rent profile than that legacy inventory.
Beaverton Multifamily Market Context
The acquisition comes as the Portland-Vancouver metro multifamily market navigates a transitional period. A Spring 2026 regional survey by Multifamily NW reported overall metro vacancy of 6.25%, up from 5.85% in Spring 2025. Beaverton specifically recorded average vacancy of approximately 6.21% in an earlier survey period.
However, new supply is slowing sharply. Northmarq forecasts Portland-area vacancy to close 2026 at approximately 4.8% as completions decline and demand absorbs existing inventory. CoStar projections anticipate positive rent growth returning by the end of 2026 and stabilizing at 2% to 3% annually through 2030.
Across the broader Portland metro, the average multifamily sale price stood at approximately $182,489 per unit in the second quarter of 2026. Newer, institutionally positioned suburban assets such as West End District typically trade above that regional average.
About the Firms
Grand Peaks Properties is a Denver-based multifamily investor and operator. Pacific Coast Capital Partners served as the capital partner on the transaction.