GSL Properties,
Inc. owns and manages multi-family residential properties in the
Western United States. Based in Portland, Ore., we have earned a
reputation in the Portland area as the leader in quality
multi-family residential development. That reputation has allowed
us to expand beyond Oregon. Our combination of financial strength,
innovative approach and attention to detail has produced some of
the finest residential properties in the Western United States.
We have built and acquired more than 12,000 apartments in
Oregon, California, New Mexico, Nevada, Arizona and
Washington. GSL currently manages over 9,000 apartment
units.
Our Goal
– Functional, Beautiful, Affordable
We believe people need
functional, beautiful, and affordable homes. We take pride in
creating apartment complexes that complement and enhance the
surrounding neighborhood, as well as address the special needs of
the site and the community. Before we even start to design, we
meet with neighbors, community groups, municipal planners and
others to learn the community’s needs and concerns.
Project design is a critical
element of GSL's development philosophy. We organize
design teams for each project, comprised of the finest
professionals available, as well as based on each project’s unique
characteristics. Our design professionals take great care to make
the most of each site's strongest features, maximize the functional
utility and marketing potential of each unit, create outstanding
visual appeal and design economically efficient
structures.
Our Financial
Philosophy
Financial commitment is an
important part of our philosophy. GSL typically invests
substantial equity in its projects, and is always prepared to own
and manage them through the inevitable cycles in the market.
Accordingly, we invest in quality construction and have built a
strong, professional property management team to protect that
investment and assure that each project is soundly
operated.
We have completed 48
affordable apartment communities, totaling nearly 8,000
apartments, using tax-exempt bonds and federal Low-Income
Housing Tax Credits as the primary financing tools. All of
these communities operate at high occupancy levels. Our management
staff is well trained to manage the specialized requirements of the
tax-exempt bond program, Section 42 of the Internal Revenue Code
(LIHTC compliance) and any special requirements of local housing
authorities.