Guardian acquired a 15-property, 3,050-unit affordable housing portfolio across Oregon and New Mexico. The $497 million acquisition is Guardian’s largest transaction to date.

All communities in the portfolio were built after 2000 and characterized by historically high occupancy and low turnover. Given their “post-15” LIHTC state, the communities were at risk of conversion to market rate. Guardian will preserve affordability of the communities long-term. In addition, Guardian will voluntarily convert existing market-rate units to 60% AMI to further support housing stability.

Guardian completed the acquisition in two phases. The first included two Portland-area properties totaling 310 apartment homes, completed with institutional capital partner AEW. The second phase included 13 properties and 2,740 units in Oregon and New Mexico in a venture with NEF and JPMorgan Chase. Working closely with state regulatory agencies, Guardian secured approvals of ownership transfers under an accelerated timeline, ensuring long-term stability for residents.

This investment significantly expanded Guardian’s footprint—solidifying our presence in Oregon and establishing a meaningful entry into New Mexico. The properties acquired will remain affordable for current and future residents, reinforcing Guardian’s mission as a steward of long-term housing preservation.