The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Tuesday, July 10, 2018
Sold! 62 Units in Beaverton, Oregon
Center Square Apartments (1972) was owned by a long term investor and sold with Menlo Square—a sister property that shared management. The asset enjoys a strong location a short distance from the Cedar Hills Town center in Beaverton, walking distance to the MAX light rail.
Center Square was managed for occupancy rather than cash flow, and rents trailed the market. HFO Investment Real Estate positioned the property as a value-add opportunity and worked with a number of interested parties targeted because of their value-add experience. For more details on this sale contact an HFO broker at (503) 241-5541.