Friday, July 6, 2018

Sold! 15 Units in Close-In SE Portland, Oregon

Ridgewood Apartments (1972) had a long-term owner, high amounts of deferred maintenance, and low rents. The seller was in the middle of a 1031 exchange and had already identified their exchange property.

HFO successfully met the challenge of locating a buyer who could meet the seller’s closing expectations and specific closing deadline. HFO also helped the buyer source additional funds, so the original timeline was maintained. For additional information on this sale contact any HFO broker at 503-241-5541.

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