COCC reviews options for Neighborly Ventures ground lease

Neighborly Ventures continues its due diligence on the 69-unit Ponderosa multifamily project on COCC land under an existing ground lease structure, with a term running through February 2027. COCC and William Smith Properties reviewed multiple contingency options in light of a soft apartment market and investor uncertainty.

Scope & details

The full contract record, as filed.

Contract type

FACILITIES

Contract term

Due diligence period through February 2027

Renewal date

2027-02-28

Renewal

Neighborly Ventures previously requested an additional one-year extension of due diligence beyond February 2026; current agenda materials indicate the due diligence period now runs through February 2027, effectively extending the ground lease due diligence term.

Document type

Agenda

Source document

COCC Board Real Estate Committee Meeting Agenda April 2026

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Central Oregon Community College AgendaPacket Board Real Estate Committee Meeting 2026-07-20

ONGOING

Central Oregon Community College, OregonJul 20, 2026

cocc_board_real_estate_committee_meeting_agenda_ja.pdf

city-of-bend-meeting-minutes-2025-03-19_622.pdf

pending

City of Bend, OregonNAMar 19, 2025

Bend Urban Renewal Agency Meeting Minutes March 2025

DISCUSSSED

City of Bend, OregonMar 19, 2025

central-oregon-community-college-agenda-2025-03-17_162.pdf

ongoing

Central Oregon Community College, Oregon$2,150,000Mar 17, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Central Oregon Community College?

Neighborly Ventures was awarded this facilities contract by Central Oregon Community College, as recorded on April 27, 2026.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in COCC Board Real Estate Committee Meeting Agenda April 2026 (Agenda), dated April 27, 2026 from Central Oregon Community College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Neighborly Ventures hold?

Neighborly Ventures may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Central Oregon Community College currently buying?

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