The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
Build Your Legacy with HFO.
Tuesday, June 25, 2019
Sold! 36 Units in Beaverton, Oregon
HFO is pleased to announce the sale of this 36 unit property in Beaverton. The asset is walking distance to the WES commuter rail and Washington Square, Oregon's largest regional shopping mall. The property was well-maintained with newer windows and roofs, but the interiors had limited updates.
In the summer of 2018, a large portion of the siding was replaced and repainted, delaying full marketing of the property. The property was managed for occupancy and rents trailed the market. HFO was key in positioning the property against its historical operations with low rents and high expenses for a successful sale.