INVESTMENT STRATEGY

ACQUIRE

DESIGN

OPERATE

DEVELOP

Our strategy centers on the acquisition and development of high-quality infill sites in walkable, amenity-rich neighborhoods in Portland, OR. We target locations with convenient access to education, dining, entertainment, retail, and public transit.

We focus on midrise multifamily buildings in sub-markets where market-rate rents naturally align with local affordable housing thresholds, enabling us to deliver well-integrated housing that meets both community needs and financial sustainability.

  • 19%

  • 2.00xx

  • 3 Year Minimum

  • $500,000

With dedicated in-house divisions for development, construction and property management, Seneca controls the full lifecycle of every asset—from predevelopment through long-term operations.

Our Model

Integrated Delivery
Through its affiliated companies—Seneca seamlessly manages entitlement, construction, lease-up, and ongoing operations. This integrated structure ensures speed, consistency, and accountability at every stage.

Executional Efficiency
Seneca Construction leads all aspects of project delivery, from feasibility analysis to warranty and service coordination post-delivery. This allows for tighter cost controls, more predictable schedules, and enhanced build quality across the portfolio.

Operational Continuity
Seneca Property Management is engaged early in the development process to optimize unit layouts, amenity programming, and resident services. Post-completion, the same team transitions into full-service management, ensuring a frictionless handoff and strong tenant experience.

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Our Criteria

Submarket Selection
We focus on select micro-markets within Portland’s most desirable neighborhoods, defined by strong wage growth, solid employment fundamentals, and persistent supply-demand imbalances. Our sites are walkable, transit-connected, and near award-winning restaurants, premium grocers, major universities, and corporate headquarters—supporting renter demand, neighborhood stability, and long-term asset performance.

Site Profile
Seneca prioritizes high-quality infill sites that align with our development model and return profile. Target properties support 75–200 unit midrise projects, offer a clear or achievable path to entitlement, and are located in vibrant, walkable neighborhoods with strong connectivity to employment and daily amenities.

Affordability Positioning
Our strategy emphasizes “naturally affordable” housing—market-rate units that fall within local inclusionary pricing thresholds. By targeting this rent band, we maintain regulatory alignment, broaden renter accessibility, and reduce entitlement friction, resulting in faster approvals and accelerated lease-up timelines.

Financial Underwriting
Every project is underwritten to exceed institutional benchmarks for yield-on-cost and stabilized returns. Seneca maintains strict basis discipline across land acquisition and construction costs to preserve margin integrity. Each investment undergoes rigorous stress testing across key variables—including rent softness, lease-up delays, interest rate sensitivity, and construction cost escalation—to ensure downside protection and capital durability.

SEC 506(c) Offering – Accredited Investors Only

Past performance is not indicative of future results. All investments involve risk, including the potential loss of principal. Targeted returns are not guaranteed.

View SEC Accredited Investor Requirements