Wednesday, June 22, 2016

Sold! 100 Units in Gresham, Oregon

HFO is pleased to announce the sale of the Hogan Woods Apartments in Gresham, Oregon.

This 100-unit property was constructed in 1991 and consisted largely of one-bedroom units. Hogan Woods was well-maintained, but had been managed for occupancy and rents were extraordinarily low.

HFO took the property to market priced and advertised its availability to its extensive database of potential buyers and was able to demonstrate the asset's exceptional value-add opportunities. This led to a bidding war that brought in a final sale above asking price.