Monroe Portfolio

The Monroe portfolio includes 47 units across two properties, offering a range of spacious one-, two-, and three-bedroom duplexes and townhomes. Select homes feature attached garages and extra storage, while ground-floor units provide private patios.

lResidents enjoy in-home washers and dryers, wood-style flooring, and modern kitchens with dishwashers. These pet-friendly communities boast green spaces and are just moments from Skykomish River Park. Conveniently located near shops, restaurants, and schools, they offer the perfect balance of suburban tranquillity and urban accessibility.

Investment

In 2022, following the successful disposition of their inaugural development in the Burlington market, Sage completed a 1031 exchange to acquire the 53-unit value-add Monroe Portfolio. Today, 47 of those units remain under Sage’s management, now operating as Cherry Creek and Parkside.

The acquisition strategy targeted underperforming assets with below-market rents and limited professional management. Since taking over, Sage has implemented hands-on management and strategic rent optimization—resulting in rent increases of over 40% and a significant improvement in overall property performance.

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