Friday, February 22, 2008

With Single Family Slowdown, Investors Turn to Apartments

Read Megan Patrick's article in the Vancouver Business Journal, highlighting investors seeking out apartments as a more secure investment strategy. The article includes information about HFO brokering $80 million in Vancouver sales recently. Read More.

Friday, February 8, 2008

$3 Million Multifamily 42-unit Complex Sold in SE Portland

Sold! HFO's exclusive Portland, Oregon listing, the Beverly Rose Terrace. This 42-unit building constructed in 1999, offers (14) 2-bedroom 1-bath units and (28) 2-bedroom 1.5-bath units, all with in-unit washers/dryers and ample parking. Beverly Rose Terrace sold for $3,075,000.

Housing's Slide Allows for Apartment Market's Rise

The Portland Business Journal reports that apartment rents in the Portland, Oregon market are expected to continue increasing for several reasons:
  1. Apartment vacancies in the greater Portland area are at their lowest levels in 15 years
  2. Not as many people are buying homes, as a result of the lending crunch and also because Portland's homes are still relatively expensive
  3. There's been very little apartment construction in the metro area for some time
  4. Much available suburban land has been purchased for single family homes
  5. The gentrification of urban neighborhoods

Read the full story online.

Wednesday, February 6, 2008

NW Portland Multifamily Apartments Sold for $1.84 million

Sold! HFO's exclusive NW Portland, Oregon listing, the Johnson Court Apartments: this well-maintained 19-unit building is located in the desirable close-in NW neighborhood. Amenities include decks/patios and off-street parking.

Johnson Court sold for $1,840,000.

Monday, February 4, 2008

SW Portland Multifamily Investment Sells for $2.85 million

Sold! HFO's exclusive SW Portland, Oregon listing, Crestwood Terrace. Built in 1970, this 48-unit building offers (12) 1-bedroom 1-bath units, (24) 2-bedroom 1-bath units and (12) 3-bedroom 2-bath units. Building amenities include a swimming pool, and ample parking.

Crestwood Terrace sold for $2,850,000.