News


Happy Independence Day from HFO
"As I look back at past Fourth of July holidays, I think about the memories created with family and friends. The picnics, fireworks displays and flags flying high always remind me of how grateful I...

Seattle Trophy Property Sells for $32 Million More Than Purchased Three Years Ago
Image Source One Thousand Eighth Avenue is a 356-unit, 66-year-old apartment complex on Seattle's First Hill. The exterior of the property pales in comparison to the contemporary, interior...

Just Listed! 44 Units + Retail in Portland's Kenton Neighborhood
The three-story Kenton Apartments is a vintage building with a diverse unit mix including one- and two-bedroom flats, studios, and SROs with shared baths. Two ground floor commercial spaces are fully...

New Listing! 22 Units in Rainier, Oregon!
The Rainier Apartments is a charming garden-style asset consisting of six (6) 1-bed 1-bath and sixteen (16) 2-bed 1-bath units. Investors will find The Rainier Apartments a solid cash flow...

New Listing in Portland!
Concord Village - E Portland - 30 Units Concord Village is listed at $2.5 million and offers a diverse unit mix of spacious one-, two and three-bedroom apartments that are attractive to Portland' s...

Report: U.S. Apartment Market Rents Averaging 6.3 Percent Year-Over-Year Increase - Portland at 15.1 Percent
Santa Barbara, Calif.—The June 2015 edition of Matrix Monthly, a report on U.S. apartment market trends from Yardi®, documents a robust 6.3 percent year-over-year increase in average...

Salem Apartment Portfolio | Five Properties Totaling 65 Units | $3.195M
HFO is pleased to announce the listing of 65 units in Salem, Oregon. This amazing portfolio offers investors an opportunity to add-value and create alternative exit strategies. Rents are...

Investment Property Won't Sell? ... Perhaps It's Not The Price.
 By Trevor T. Calton, MBA, Senior Broker When investment real estate is hot, or even when it’s slow, sometimes you miss the market and have a property sit too long, losing momentum and buyer...

Congratulations to HFO's National Volunteer Award Nominee
HFO Senior Director of Marketing and Chief Customer Officer, Aaron Kirk Douglas, has been selected as a finalist in MENTOR: The National Mentoring Partnership and Cabot Creamery Cooperative’s cruise...

GlobeSt: No One Gains if 1031s Are Repealed
G. Joseph Consenza, vice chairman of The Inland Real Estate Group was interviewed at RECon 2015 recently in Las Vegas.  Consenza will explain:1031's historical importance to the industry and...

No Surprises Here: PSU Center for Real Estate's Spring 2015 Report
The PSU Center for Real Estate released its Spring, 2015 Multifamily Report this week. It's a nice summary of data reported here over the first few months of this year. Particularly interesting...

Is Paying $40 Million for an Empty Apartment Building in Seattle Crazy?
Not according to CWS Capital Partners, a real estate investment management company out of Southern California. The Puget Sound Business Journal reported CWS Capital Partners purchased the Lenora...

On the Market: NE Portland Tri-Plexes
HFO is pleased to offer these two tri-plexes in NE Portland. These units include: Four units with attached garagesLarge basements in all unitsNew efficient gas furnacesNew gas water heaters Washers...

Grow Up, Portland. Why the Apartments You Hate Are Good For the City.
"None of us, not a single damn one of us, is entitled to live where we want to live for as long as we want to live at a price we can reasonably afford." -Tyler Hurst, freelance writer and Portland...

10 Units Available in Astoria! Listed at $875,000.
HFO is pleased to announce the exclusive listing of Columbia View Apartments in Astoria. This 10-unit asset offers investors a rare opportunity to acquire a unique apartment asset in the coastal city...

MPF: Portland's May Rent Growth Third Highest in US at 12.6%
MPF reports that in Portland rents for new residents are up 17.6 percent and renewals are up 7.4 percent, the third highest in the country, putting total rent growth at 12.6 percent. ...

HFO's New Look, New Tagline
HFO leadership spent months working with local agency eROI to find the best way to communicate to our clients why we are always excited to come to work each day. The success of our clients' is...

Portland Ranks in Nation's Top 5 Markets for Rental Housing Investment Returns, Says Latest Report
Portland rental property ranked #5 among 75 largest metros for investment. According to the a report by All Property Management of Seattle. Portland is currently the fifth-best market for rental real...

HFO has Moved to a New Location on the Central Eastside
After 10 years at the Water Avenue Commerce Center, we've relocated to larger offices at 2424 SE 11th, near the corner of SE and Division. We have ample on-site client parking and look forward to...

Wall Street Journal: "New Luxury Rental Projects Adding to Rent Squeeze"
Wall Street Journalist Laura Kusisto writes: "A focus by builders on high-end apartments helps explain why rents are soaring across the country." While some developers worry that the current...

Apartment Rent Growth Levels Hit New Highs
The U.S. apartment industry continues to exceed performance expectations, with real rent growth levels in April 2015 surpassing the cycle’s previous peak set back in 2011. New highs in rent growth...

New Listing! Newer 10-Unit Apartment Community in St. Helens
The Columbia Apartments is a 10-unit apartment complex built in 2005. The property offers a central location in downtown St. Helens with off-street parking and private patios. This property is...

CityLab: The High Cost of Residential Parking
"Every time a new building includes space for cars, it passes those costs along to tenants," according Eric Jaffe, author of a recently published article found on CityLab. Within the article, two...

Fairwell Lloyd Cinemas. Hello More Apartments and Income Disparity.
Two recent news stories broke demonstrating that the Portland market continues to experience significant growth. According to a report in The Oregonian,  Bob Bisno, a Southern California...

Apartment Investors Are Ready to Cash Out and April's Rent Numbers Are In
Illustration by Alis Atwell for Bloomberg Businessweek, Source: Getty Images (9) by Spencer Marona, Managing Director  With record setting per-unit prices and low interest rates, active...


Case Studies

Avalon Park - $19,650,000

Built: 1990 - 192 Units

The Property:
Avalon Park is a 192-unit apartment property located in Tigard, Oregon. The sellers invested significant expense into improving the common area amenities and a portion of the unit interiors. The property was marketed as an add-value opportunity due to the remaining apartments that had not been renovated. 

Challenges:
Avalon Park had some value-add challenges due to its location. The Tigard area is a more challenging submarket with higher vacancies than Portland's west side. A large private park at flood-plain level added to the property's maintenance costs. 

Results:
HFO marketed the property nationally and reached out to our extensive database of active investors. The database contains private capital investors in the Oregon/Washington market. We found that the strongest buyer for Avalon Park was an experienced, private Oregon-based investor who was most familiar with the Portland market's strengths. The investor understood the asset's inherent opportunities given its size and vintage.

This transaction required careful management by the HFO team between the buyer, a local investor, and the seller, an institutional-level, private equity firm. Throughout the process, HFO was able to meet the various expectations of a non-traditional local investor with the stringent requirements of the out-of-state seller. 

Featured Article
Market Trends Affecting Lender Motivation
January 8, 2015
by Mark Paskill, VP Intervest Bank

HFO Investment Real Estate LLC
2424 SE 11th Ave
Portland, Oregon 97214
Phone: 503.241.5541
Fax: 503.241.5548

Washington Street Station - $2,775,000
Read Full Case Study

HFO provided the smoothest real estate deal I have ever done in over 40 years!

Ron Rowe, Medina, WA