Tuesday, September 4, 2018

Sold! 70 Units in Eugene, Oregon

Bailey Hill Meadows (1980/19860 is a well-maintained property located in Eugene, Oregon. The property had many recent exterior upgrades including new windows, paint, deck replacement and seal coat. The unit mix is predominately one-bedroom apartments, but due to its distance from the U of O campus, the resident profile was not predominantly students.

The unit mix was a challenge, as it gave the property a perceived higher turnover rate. HFO was able to use its expert knowledge of the market to explain to investors the benefits of the asset’s qualities and location. The seller was in a tight timeframe under contract on a 1031 exchange property, but we found the right investor with financial wherewithal to meet the seller’s obligations. For additional information about this transaction, call an HFO broker at (503) 241-5541.

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