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.

  • $20,000,000 - $60,000,000

  • 25%+

  • 2.5xx +

  • 36+ Months

WHERE WE INVEST

Our unparalleled depth of industry experience allows us to assemble and analyze the best market data.

This positions us to identify the strongest investment opportunities and execute a comprehensive plan that delivers lasting quality for residents, clients, and partners. Explore the full lifecycle of our integrated development, construction, operations, and investment capabilities below.

Site Profile
Seneca prioritizes 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 60%-100% Area Median Income. 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
Each project is underwritten to meet institutional standards for yield-on-cost and stabilized returns. We maintain disciplined control over land and construction basis, and we stress test rents, lease-up timing, interest rates, and cost escalation to ensure durability and downside protection under all conditions.

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.