Friday, September 12, 2008

HFO Announces Sale of Gresham Apartment Complex for $2.7 Million - MarketWatch

PORTLAND, Ore., Sept 15, 2008 /PRNewswire -- Hagerman Frick O'Brien (HFO), a Northwest real estate investment firm with headquarters in Portland, Ore., has arranged the sale of the 54-unit Carrington Square Apartments in Gresham, Oregon for $2.7 million or approximately $50,000 per unit. The apartments, located at 637 SE 182nd in Gresham is located on approximately two acres of land and includes a private pool. The complex is 1/3 mile from a MAX stop and apartment amenities include private balconies/patios. The buyer was Carrington Investments LLC of Portland state and the seller was P. Carlson of Gresham. HFO Investment Real Estate represented the seller.

About HFO. HFO specializes in the sale of apartment properties throughout Oregon and Washington. Using cutting edge resources, HFO helps clients find dynamic investments and offers an insider's knowledge of the local market. It is HFO's mission to create wealth for its clients by providing extraordinary service, forging mutually beneficial, long-term relationships. Learn more at http://www.hfore.com/.