HFO is pleased to announce the sale of the Kentwood Apartments, a mixed-use asset in the Kenton neighborhood of North Portland.
Built in 1910 as a hotel, the Kentwood Apartments includes some SROs and two commercial spaces. The unreinforced masonry property was renovated prior to sale including a new exterior envelope and updates to most interiors.
HFO was selected by the seller for its ability to locate a buyer familiar with the challenges of unreinforced masonry buildings with a borrowing relationship sufficient to overcome lender objections to this product type.
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