Acquired by Evergreen in 2015, Orchard Hills offers 142 units of affordable tax credit housing. As the only affordable property in Washington’s Tri-Cities region, and A location, the purchase presented immediate NOI improvement and the added value of its 50% discount to replacement value. The Orchard Hills apartment community offers one, two, three and four bedroom floor plans, all with a fully equipped kitchen with a dishwasher, generous closets, washer and dryer connections, and a balcony or patio. High quality, lifestyle amenities include park-like grounds with three swimming pools, clubhouse, fitness center, business center, basketball court, playground, and grilling area. Orchard Hills sold in 2017.
