The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
Build Your Legacy with HFO, a member of GREA.
Wednesday, September 27, 2017
Bombshell: Chloe Eudaly to Propose Tenant "First Right of Refusal" to Purchase Apartment Buildings Listed for Sale
The Portland Mercury reports today that Portland City Commissioner Chloe Eudaly plans to unveil a proposal that would allow tenants 60 days to determine whether they want to purchase an apartment building that's up for sale, and the City of Portland would have 30 days after that, meaning property sales would be stalled for up to 90 days while an owner waits for the groups to decide. Read more.
Labels:
#cityofportland,
apartment market trends,
City of Portland,
northwest apartment trends,
Portland City Council,
portland multifamily trends,
right of first refusal
Location: Portland, Ore.
Portland, OR, USA
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Thanks for your comment! It has been sent to the moderator for review.