PAST PROJECTS

Recent projects completed by the principals of SMI Fund Management, LLC. 

We have been in the value-add business since 2008.

SMI Fund Management - Orchards Commerce - 5500 NE 109th Ct. Vancouver, WA

Orchard’s Commerce

  • 5500 NE 109th Ct. Vancouver
  • Retail Center
  • Acquired in 2020
  • Original Purchase Price: $4,000,000
  • Estimated Value: $6,500,000
SMI Fund Management - Vista Terrace - 606 NE Polk St. Roseburg, OR

Vista Terrace

  • 606 NE Polk St., Roseburg
  • 56-Unit Apartment Complex
  • Acquired in 2020
  • Original Purchase Price: $3,600,000
  • Estimated Value: $8,000,000
SMI Fund Management - Beavercreek Meadows - 26701 Stark St. Troutdale, OR

Beavercreek Meadows

  • 26701 Stark St. Troutdale
  • 41-Unit Apartment Complex
  • Acquired in 2022
  • Original Purchase Price: $8,600,000
  • Estimated Value: $9,500,000
SMI Fund Management - 7th Lebanon - 2057 S 7th St. Lebanon, OR

7th Lebanon

  • 2057 S 7th St. Lebanon
  • 16-Unit Apartment Complex
  • Acquired in 2022
  • Original Purchase Price: $1,680,000
  • Estimated Value: $2,000,000
SMI Fund Management - Fisher Park - 4370 Fisher Rd. NE, Salem, OR

Fisher Park

  • 4370 Fisher Rd. NE, Salem
  • 26-Unit Apartment Complex
  • Built in 2023
  • Total Build Cost: $5,200,000
  • Estimated Value: $7,800,000
SMI Fund Management - The Vicinity - 1445 SW A Ave, Corvallis, OR 97333

The Vicinity

  • 1445 SW A Ave, Corvallis
  • 101-unit apartment complex
  • Acquired in 2022
  • Purchase Price: $15,100,000
  • Original Gross Income: $1,273,140
  • Current Gross Income: $1,982,820
SMI Fund Management - Martha Washington Apartments - 302 S Monmouth Ave, Monmouth, OR 97361

Martha Washington Apartments

  • 302 Monmouth Ave S Monmouth
  • 15-unit apartment complex
  • Purchase Price: $1,825,000
  • Original Gross Income: $165,460
  • Current Gross Income: $228,300
SMI Fund Management - Northridge Apartments - 6719 SE 82nd Ave, Portland, OR 97266

Northridge Apartments

  • 6719–6731 SE 82nd Ave, Portland
  • 20-Unit Apartment Complex
  • Acquired in 2021
  • Purchase Price: $2,400,000
  • Original Gross Income: $255,963
  • Current Gross Income: $316,344
SMI Fund Management - Sunset Villa Apartments - 360 S Locust St, Canby, OR 97013

Sunset Villa Apartments

  • 360 S Locust St, Canby
  • 16-unit apartment complex
  • Acquired in 2021
  • Purchase Price: $2,375,000
  • Original Gross Income: $215,139
  • Current Gross Income: $255,540
SMI Fund Management - Silverleaf Apartments - 3414 30th Ave NE, Salem, OR 97301

Silverleaf Apartments

  • 3414–3458 30th Ave NE Salem
  • 18-unit apartment complex
  • Acquired in 2019
  • Purchase Price: $1,900,000
  • Original Gross Income: $189,972
  • Current Gross Income: $262,080
SMI Fund Management - Timbermill Self Storage - 225 E. Airport Rd Lebanon, OR 97355

Timbermill Self Storage

  • 225 E. Airport Rd Lebanon
  • Light industrial redevelopment to 425 storage pods
  • As-Is Appraised Value: $2,280,000
  • Total Development Costs: $2,907,250
  • As-Completed Appraised Value: $13,250,000

Past projects represent recent projects completed by the principals of SMI Fund Management, LLC as private investors.