Tuesday, November 22, 2016

Sold! 22 Units in Rainier, Oregon

Vance Terrace was an older (1971) apartment building in the tertiary market of Rainier, Oregon. The location was a challenge for many investors, but pricing was also considerably lower than for properties in the Portland metro area. HFO was able to demonstrate the superior cash flow opportunity presented by the asset, and to facilitate the sale of the building to a Portland-based investor.