Woodridge Apartments

Woodridge is a well maintained, highly occupied property due to its immediate proximity to California State Polytechnic University, Humboldt (“Cal Poly Humboldt”). The limited availability of on-campus housing has been a persistent issue for the university, with dorm capacity for less than half of the student body. Through the implementation of a meaningful renovation plan that will include cosmetic upgrades to the exterior of the Property, significant interior upgrades, and the addition of new common area amenities, Ridge will transform Woodridge from its current status as a Class B- property to a solid Class B/B+ asset. In conjunction with the physical renovation, Ridge will implement professional management and an institutional approach toward expense control and revenue management. In combination, this repositioning plan will increase rents, occupancy, and asset desirability.