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Portland Business Journal: Guest Column - Why Portland Is Popping On the Radar of Global Insitutional Investors
"Should that matter to us? The answer is yes, because institutional investors are folks who do their homework. They make investment decisions driven by facts, not emotion. They obsessively analyze...

What Does Poor Urban Design Cost in America? $1 Trillion.
In a new report by LSE Cities and the Victoria Transport Policy Institute posted on CityLabs.com, sprawl costs America about $1 trillion per year. Increases up to 80 percent per capita land...

The Story Behind The 284 Units Going Up at the Burnside Bridgehead
by HFO broker Lee Fehrenbacher Andersen Construction has begun erecting the first floors of B67: a 21-story glassy tower in Portland’s exact geographical center. When finished, the 284-unit building...

U.S. Apartment Lease Renewals Reach All-Time High
U.S. apartment renters are increasingly choosing to stay put rather than move up to new apartments, move down to cheaper units or move out to buy homes. Apartment resident retention rates hit a...

Homeownership At It's Lowest Level In 20 Years: How Long Will Millennials Rent?
Sales are 4.7 percent higher than a year ago and above year-over-year totals for the fifth month in a row, NAR also said. That sounds good, but a sales rate of 5 million units a year is roughly where...

Report: $7 Billion In Apartment Activity in Portland For 2013
In 2013 – the latest numbers available – apartment construction, operations and resident spending contributed $7.1 billion locally and supported more than 70,500 jobs in the metro region. Read more...

HFO Sponsors Friends of Trees Planting in N. Portland (Photos)
HFO is pleased to have supported Friends of Trees in Saturday's neighborhood tree planting in the N. Portland neighborhoods of Arbor Lodge, Overlook, Kenton and Portsmouth! The event was supported...

National Real Estate Investor: 8 Common Mistakes Real Estate Investors Make
In a recently published NREI slide show, multiple industry experts compiled a list of eight common mistakes real estate investors make. With as fast as the market is moving and as active as buyers...

Foreign Capital Is Starting to Invest Beyond Core Properties and Markets: Is Portland Ready?
Reports at the end of 2014 showed that it was a banner year for foreign investors placing capital into the US commercial real estate sector. According to a Puget Sound Business Journal article,...

LA Times: Fed moves toward raising interest rates - but when is unclear
The Federal Reserve took its first step since 2006 in raising interest rates, but with economic growth slowing and inflation remaining low, they're in no hurry. Read more in the LA Times HFO...

The X Factor Driving Today's Investment in Multifamily Real Estate
If interest rates were at a higher level such that a buyer of a multifamily property would go from a 5% cap to a 6% cap to achieve the same yield, the property would need to have a 20% higher net...

HFO - Proud Sponsor of Oregon Food Bank's Canstruction - April 27-May 3 at Pioneer Place
Celebrating two decades as one of the world’s most imaginative food charities, the Canstruction® exhibition and competition invites Oregon’s top architecture, engineering, and construction firms to...

Are you having trouble finding a parking spot? Fear not. It will get worse.
According to Patty Dupre and Mike Scott with Dupre+Scott, an unbiased apartment research company covering the Puget Sound, parking is only going to get worse with new deliveries of apartment...

National Multifamily Housing Council: Apartments Add $1.3 Trillion to Economy
GlobeSt.com reported that the apartment industry and 36 million residents contributed to approximately $1.3 trillion to the US economy in 2013, while supporting 12.3 million jobs. Research was...

HFO-TV: Are 1031 Exchanges Going Away?
David Moore discusses possible national changes in Section 1031 like-kind exchanges. Summary: Both parties of Congress are proposing to end the 1031 exchange program and the Administration is...

Millennial Homebuyers: What Are Their Fear Factors that Are Making Apartment Owners Smile?
Click the image below to see an infographic of inside the mind of a millennial homebuyer. The infographic is courtesy of Ali Wolf, Senior Research Analyst at John Burns Real Estate Consulting. Click...

HFO-TV: Are You Ready For Apartment Hot Water Heaters Getting Bigger?
It's estimated that by mid May, 2015 the typical sizes of home water heaters will be unavailable. New manufacturing regulations taking effect April 16th require water heaters to be more energy...

More Satisfied Clients! HFO Represented Buyer and Seller in Sale of 72 Units, Close-In NE Portland
HFO Investment Real Estate (HFO) is pleased to announce the sale of the 72-unit Colonial Gardens Apartments. Built in 1945, the vintage property traded for $9.25 million or approximately $128,473 per...

Renters Begin Exploring Options To Change Oregon's Rent Control Prohibition
The Oregonian reported recently that local activists are exploring ways to potentially eliminate the state's prohibition against rent control. Oregonian's March 5th story: "Activists say it's time...

Portland Ranks 14th Highest Median Rent in the Country and Where's the Love?
by Spencer Marona  According to Zumper's National Rent Report for February of 2015, Portland ranked 14th out of the 50 major metropolitan markets for highest median rent in the month of...

Portland Center for Real Estate Issues Quarterly Real Estate Report for Multifamily
The Portland State University Center for Real Estate has issued its quarterly report for the Portland metro area market. According to its most recent multi-family housing report,  the...

Goldman Sachs: Data Story on Millennials
Click Here to View the Goldman Sachs InfographicMillennials - One of the largest generations in history, savvy with savings, slow to marry, more 4 year college degrees than any other generation, and...

Portland MSA Counties Approve Permits for 6,606 Apartment Units in 2014
An analysis of statistics provided by the U.S. Census bureau by HFO shows that multifamily construction permits for the Portland metro area totaled 6,606 in 180 buildings for 2014, the h ighest level...

With U.S. Rental Demand Rising and Supply Limited, Apartment Industry Sets 2015 Congressional Priorities
The National Multifamily Housing Council and the National Apartment Association issued a joint news release today, listing priorities for Congressional action in 2015. "For the fourth time in the...

Millennials Overtake Baby Boomers This Year
Any day now, the Millennial generation (those ages 18-34) will surpass the Baby Boom Generation as the nation's largest living generation. Meanwhile, the smaller Gen X population (ages 35-50) will...


Case Studies

Evergreen Ridge - $4,450,000

Built: 1987 - 81 Units

The Property:
The apartments at Evergreen Ridge were constructed in 1987. In 2006, the property began a condominium conversion with a total of 37 units converted and 81 units remaining as apartments. 

Challenges:
Evergreen Ridge Apartments was a challenging sale due to the partial condo ownership. It was a three-phase condo conversion; the second and third phases provided the majority of the apartments. The apartments had a shared use agreement with the condos for use of the pool and clubhouse. It also defined shared parking options between the apartments and condos. 

Results:
HFO Investment Real Estate sourced a buyer that could understand and manage the nuances of the shared use agreement and restrictions around the use of the common area. The buyer was also able to move quickly to preempt a lender sale of the apartments. 

HFO Investment Real Estate
1028 SE Water Avenue
Suite 270
Portland, Oregon 97205
Phone: 503.241.5541
Fax: 503.241.5548

Museum Place - $55,300,000 Downtown Portland Sale
Read Full Case Study

I have been buying and selling real estate for twenty-five years. HFO has a support staff that is both competent AND pleasant.

Tim Edwards - Chico, CA