77-Unit Suburban Oregon Portfolio

HFO Investment Real Estate (HFO) was pleased to help arrange the sale of 37-unit Ridgeview Apartments and 40-unit Dakota Station Apartments. Ridgeview in Beaverton sold for $6,725,000, and Dakota Station in Tigard sold for $8,025,000.

HFO partners Cody Hagerman, Greg Frick, and Rob Marton successfully brokered the sale from a private local investor to San Francisco-based FPA Multifamily, LLC.

“These properties represent a smart investment opportunity for the new owner,” said HFO’s Rob Marton. “With the current state of the market, it's more important than ever to make informed decisions, and these sales are a testament to the value of having a trusted advisor with extensive knowledge of the local market.”

Ridgeview Apartments is a 37-unit community with spacious one- and two-bedroom units in two-story buildings, ample off-street parking, and covered carports. Built in 1970 in a residential setting conveniently close to highways allowing for travel throughout the Portland metro area, the property presents a value-add opportunity to new ownership.

Dakota Station is similarly well-located, in a serene neighborhood setting bordered by the lush Fanno Creek green area and the Fanno Creek Trail, a 4.5-mile multi-use trail that is among the area’s most popular. The 40-unit property was built in 1988 and features spacious two-bedroom, two-bathroom units spread among five two-story buildings. Units include full-size washer and dryer hookups, and residents have access to the property’s 20 garage parking spaces.

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HFO Quote

My experience with HFO was very, very positive.

Lecia K., San Francisco, CA
Greg is great. I'm very happy with him, and the whole HFO team.

Leslie M., Pacific Palisades, CA
Greg is great, friendly, interesting, timely in calls and checks in regularly. Honesty is #1 and Greg has that going for him.

John N., Portland, OR
Since 2006, HFO has consistently been recognized by CoStar as one of Portland Metro's PowerBrokers based on transaction volume. In March of 2021, HFO once again earned this distinction for the 2020 calendar year.

CoStar Group
I have brokers calling me all the time. Greg Frick is the only one I’ve talked with who left me feeling smarter after the conversation. I’ve become a loyal client of HFO.

John E., Portland, OR
We do a lot of transactions and sometimes when there is an issue a broker will tell us "it's not my problem." Lee got in there and really helped beyond what was necessary.

Matt K., Manhattan Beach, CA
Every time I had a problem Todd took care of it. The level of service at HFO is excellent.

Paul H., Lake Oswego, OR
We had a wonderful experience with HFO - excellent on everything. They are very responsive. Greg did a great job.

Leonard G., Portland, OR
Efficient and go-getters. Didn't wait for things to happen, they were active.

John P., Redmond, WA
My listing was in a smaller market and HFO did a great job of finding buyers. They also did an excellent job handling all the backroom financials and documents.

Lee S. Keizer, OR
I appreciated Adam’s responsiveness, experience, and knowledge.

Itzik S., Eugene, OR
Deep knowledge of the market and personal integrity of the brokers sets HFO apart for our family. As someone who spent 40 years in apartment brokerage, I believe HFO is far ahead of its nearest competitor.

Dean M., Fort Denaud, FL
HFO does a great job on the web and email keeping owners posted on the whole political scene.

Richard R., Palm Desert, CA
There were many landmines in my transaction, and I am glad to have hired HFO because they handled it well. HFO is the only company my wife and I would recommend.

John E., Mesa, AZ
True professionals with unparalleled degree of expertise in the Portland multifamily space.

Boyd W., Vancouver, WA
HFO is thoroughly professional.

Phil O., Oregon City, OR
I like that HFO focuses solely on multifamily and does it really well. I like the blog and appreciate HFO-TV. HFO has the experience and focus to get me the best multifamily deal. I wouldn't use anyone else.

Kenny G., West Linn, OR
Great experience over the years, and I will be using HFO in the future.

Joel M.
HFO is the best boutique real estate brokerage in Portland.

Max S., W. Hollywood, CA
One of the best firms at seeing a deal from the owner's perspective.

Matt K., El Segundo, CA
HFO is a very well run brokerage and goes above and beyond in providing information to investors. I really like their roundtables, market updates and podcasts.

Rachel S., Menlo Park, CA
For the eleventh year in a row, HFO Investment Real Estate is one of Portland's top philanthropic corporations. (2020)

The Portland Business Journal
I am such a fan of HFO. HFO is night and day better than the firm we used before and I am 100% loyal to them.

Sue C., San Jose, CA
HFO is professional, knowledgeable and honest. They get it done.

Michael K., San Francisco, CA
I have done 5-6 deals with HFO, and things have gone so well. I use HFO exclusively.

Greg W., Vancouver, WA
HFO doesn't lead sellers into unrealistic expectations of pricing. They are exceptional and advocate for both buyers and sellers' interest.

Doug R., Reno, NV

77-Unit Suburban Oregon Portfolio

HFO Quote

My experience with HFO was very, very positive.

Greg is great. I'm very happy with him, and the whole HFO team.

Greg is great, friendly, interesting, timely in calls and checks in regularly. Honesty is #1 and Greg has that going for him.

Since 2006, HFO has consistently been recognized by CoStar as one of Portland Metro's PowerBrokers based on transaction volume. In March of 2021, HFO once again earned this distinction for the 2020 calendar year.

I have brokers calling me all the time. Greg Frick is the only one I’ve talked with who left me feeling smarter after the conversation. I’ve become a loyal client of HFO.

We do a lot of transactions and sometimes when there is an issue a broker will tell us "it's not my problem." Lee got in there and really helped beyond what was necessary.

Every time I had a problem Todd took care of it. The level of service at HFO is excellent.

We had a wonderful experience with HFO - excellent on everything. They are very responsive. Greg did a great job.

Efficient and go-getters. Didn't wait for things to happen, they were active.

My listing was in a smaller market and HFO did a great job of finding buyers. They also did an excellent job handling all the backroom financials and documents.

I appreciated Adam’s responsiveness, experience, and knowledge.

Deep knowledge of the market and personal integrity of the brokers sets HFO apart for our family. As someone who spent 40 years in apartment brokerage, I believe HFO is far ahead of its nearest competitor.

HFO does a great job on the web and email keeping owners posted on the whole political scene.

There were many landmines in my transaction, and I am glad to have hired HFO because they handled it well. HFO is the only company my wife and I would recommend.

True professionals with unparalleled degree of expertise in the Portland multifamily space.

HFO is thoroughly professional.

I like that HFO focuses solely on multifamily and does it really well. I like the blog and appreciate HFO-TV. HFO has the experience and focus to get me the best multifamily deal. I wouldn't use anyone else.

Great experience over the years, and I will be using HFO in the future.

HFO is the best boutique real estate brokerage in Portland.

One of the best firms at seeing a deal from the owner's perspective.

HFO is a very well run brokerage and goes above and beyond in providing information to investors. I really like their roundtables, market updates and podcasts.

For the eleventh year in a row, HFO Investment Real Estate is one of Portland's top philanthropic corporations. (2020)

I am such a fan of HFO. HFO is night and day better than the firm we used before and I am 100% loyal to them.

HFO is professional, knowledgeable and honest. They get it done.

I have done 5-6 deals with HFO, and things have gone so well. I use HFO exclusively.

HFO doesn't lead sellers into unrealistic expectations of pricing. They are exceptional and advocate for both buyers and sellers' interest.