Thursday, February 4, 2010

HFO Announces the Sale of 76-Unit Apartment Complex in Beaverton for $5.6 Million

HFO investment real estate represented the buyer of the Hallwood Apartments, a 1986 garden apartment complex situated on approximately four park-like acres in Beaverton. The complex consists of (26) 1-bed 1-bath flats (6) 1-bed 1-bath units with lofts, (38) 2-bed 1-bath units and (6) 2-bed 1-bath apartments. The complex sold for $5,600,000 or $73,684 per unit. The price includes a credit for repairs. The buyer was Hallwood Properties, LLC and the seller was Hallwood Apartments, LLC & Blue Heron, LLC. HFO Investment Real Estate represented the buyer in the transaction.