Thursday, August 23, 2018

Sold! 24 Units in Lake Oswego, Oregon

This was a family owned asset with lots of long-term tenants and many below-market rents. The biggest challenge was managing the sale process—there are large amounts of potential investors due to the small amount of product available in Lake Oswego.

The previous owner self-managed the property, and had strong relationships with current tenants. HFO was able to shield tenants from disruption during the selling process. Because of our extensive relationships within the market, we located a buyer able to finance the project notwithstanding its low NOI. For more information about this listing, call an HFO broker at (503) 241-5541.

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