Cody Hagerman , Partner email vCard

A co-founder of HFO, Cody brings more than 25 years of multifamily investment sales and advisory experience to clients throughout the Pacific Northwest. His in-depth knowledge of the multifamily sector and his ability to forecast trends through macro- and micro-level market forces have made him an invaluable resource for investors. Cody’s advice is sought out by national, institutional and regional ownership groups to counsel and execute on dispositions, acquisitions or strategic positioning during hold periods. Cody has led the HFO team through some of the region's most complex, creative transactions in recent years. He has built a reputation as one of the West Coast’s best apartment brokers. He can be reached by phone at (971) 717-6333 or email him by clicking the email icon above.

Greg Frick , Partner email vCard

Greg is a co-founder of HFO, with more than 25 years of multifamily investment sales and advisory experience in Oregon and SW Washington. Greg is one of the region’s most respected brokers, and has developed a credible reputation, among apartment owners, investors and competitors, for providing superior client service. His insight into the regional multifamily industry and his uncompromised ethics set the benchmark for how the HFO team approaches each client's needs. Whether overseeing a new marketing initiative or collecting and using data to illustrate a market opportunity, Greg constantly strives to improve value for HFO’s clients. Greg represents private and institutional clients, and currently serves on the MultifamilyNW newsletter committee. Greg can be reached by phone directly at (971) 717-6332 or email him by clicking the email icon above.

Rob Marton , Partner email vCard

With his 15+ years of multifamily brokerage experience, focusing exclusively on private client and institutional apartment sales in Oregon and Washington, Rob is one of the Pacific Northwest’s few multifamily investment brokers to consistently deliver results. Rob's depth and experience in selling core and tertiary assets─ ranging from 20 to triple digit portfolios─ sets him apart from other brokers, largely due to his disposition with clients. Whether a client has an 8-unit property, or a multi-property portfolio, Rob treats each client and transaction with upmost respect and dignity. In addition, Rob plays an integral part in the professional development of all HFO team members. His market expertise, client credibility, negotiating skills and genuine care for the welfare of all team members sets the bar for all within HFO. Rob can be reached by phone directly at (971) 717-6335 or email him by clicking the email icon above.

Tyler Johnson , Partner email vCard

Tyler brings over a dozen years’ experience in multifamily brokerage to HFO. His extensive network of clients includes some of the country's largest institutional and private equity ownership groups. Prior to joining HFO, Tyler was a top-producing broker with the country's largest investment real estate firm. There, he consistently delivered results for his clients─ and outpaced his peers.  Investors across the country remain loyal to Tyler, due to his client-service philosophy, ability to navigate complex transactions with ease and his relentless work ethic. These traits can be traced back to his youth, when he received the Eagle Scout Award. Today, Tyler continues to serve his community through volunteer work. He serves on the Leadership Cabinet of Providence Hospital's Robert W. Franz Cancer Research Center. Tyler graduated with a B.S. in Environmental Studies from the University of Oregon. You can reach Tyler directly at (971) 717-6336 or email him by clicking the email icon above.

Spencer Marona , Managing Director email vCard

Spencer joins the HFO team with 13 years of brokerage, sales and management experience. Before HFO, Spencer was with the country's largest investment real estate firm, where he managed sales, recruitment and training for offices in Seattle, Sacramento, Reno and Las Vegas. He has also worked at, where he helped grow and lead a team of professionals to increase sales from $16 million to more than $100 million in less than 18 months. Spencer is responsible for leading the implementation and execution of HFO's strategic growth targets to meet the firm's short- and long-term objectives. He has a strong passion for leading, teaching and making sure results are delivered for clients. If Spencer isn't planning a growth initiave or tyring to improve a process, he is most likely conducting a brokerage/sales skills training or professional development workshop for the sales or support teams. Spencer played football and coached for the University of Washington and was a member of the 2001 Rose Bowl Championship team. He can be reached by phone at (503) 241-5541 or email him by clicking the email icon above.

Trevor T. Calton , Senior Broker, MBA email vCard

Trevor Calton has worked in commercial real estate & mortgage banking since 1997. He is regarded as one of Portland's top commercial real estate investment advisors. In addition to his brokerage and lending experience, Trevor also oversaw the management of over 6,000 affordable housing units as the Assistant Director of Asset Management for the Housing Authority of Portland. An important part of the HFO team, he is also a real estate finance professor at Portland State. Trevor can be reached by phone at (971) 717-6345 or email him by clicking the email icon above.

Jack Stephens , Broker email vCard

Jack has 6 years of experience in multifamily investment real estate. In 2013, Jack was recruited from a national commercial real estate firm to join HFO as a research analyst. Soon afterward, he transitioned into brokerage. Jack is fortunate to have been mentored by HFO partners Tyler Johnson and Greg Frick, among other senior team members. A native of NE Portland and graduate of the University of Oregon, Jack draws upon first-hand knowledge of the metro area to educate clients on the region and its sub-markets. Jack's attention to detail and thirst for knowledge enables him to consistently deliver results for his clients. Jack can be reached by phone directly at (971) 717-6344 or by clicking email icon above. 

Lee Fehrenbacher , Broker email vCard

For nearly 5 years, Lee has tracked the commercial real estate market more closely than most local experts. Prior to joining HFO, he was a reporter for the Daily Journal of Commerce, where he wrote hundreds of articles on Portland's real estate market. In addition to his research and writing capabilities, he is skilled in multifamily property valuation and real estate finance. His encyclopedic knowledge of the multifamily development pipeline benefits all of HFO’s clients. Lee can be reached by phone at (971) 717-6346 or email him by clicking the email icon above.

Tyson Cross , Broker email vCard

After co-founding his own successful company, Tyson followed his passion into commercial real estate. As a property manager for Cassidy Turley, he oversaw a portfolio of 10 medical office buildings, totaling 350,000 square feet. Tyson’s experience in commercial property operations, finance, project management and negotiations offers a solid skillset that has translated well into multifamily investment sales and advisory services. Tyson's methodical and collaborative approach to every client's unique investment strategy consistently delivers successful results. After receiving a scholarship and playing baseball at USC Upstate, Tyson transferred to Chico State and graduated with a B.A. in Pyschology. In 2009, he obtained a M.A. in Special Education from San Francisco State University. Tyson can be reached by phone at (971) 717-6347 or email him by clicking the email icon above.

Cody Vaz , Broker email vCard

Prior to joining HFO, Cody was a top producer in the wine sales industry. Fresh from college, he was selected to be a member of E&J Gallo's Management Development program─ one of the country’s most competitive and reputable professional development programs. Cody’s communication skills, attention to detail and team-oriented attitude have raised the bar in providing superior service to HFO’s clients. A graduate of Oregon State University, Cody he was a four-year letterman on the football team. Cody can be reached by phone directly at (971) 717-6348 or by clicking email icon above. 

Todd Tully , Broker email vCard

Todd has 5 years’ experience in commercial real estate. His work in retail and multifamily areas includes a wide variety of assignments: research, construction administration and safety compliance. Most recently, Todd was Construction Manager for Metropolitan Land Group. Todd earned a B.S. in Organizational Communications from the University of Portland. Todd can be contacted by calling (971) 717-6351 or clicking on the email icon above. 

Brittany Howe , Broker email vCard

HFO recruited Brittany from the home building and real estate industry, where she invested in her first commercial property at the age of 18. Brittany's passion for the multifamily investment industry, creativity, intuition, and analytic skills allow her to provide a superior client experience on a daily basis. Her attention to detail and indelible work ethic stem from her 13 year career as a professional ice skater and coach. Brittany holds a B.A. in English and Literature from the University of Nevada at Las Vegas. Brittany can be reached by phone directly at (971) 717-6352 or by clicking email icon above.

Donna Brunner , Director of Operations email vCard

Donna Brunner brings over 22 years of real estate experience to the HFO team. She is well-versed in multifamily and commercial leasing, residential sales and new development. She previously managed a portfolio of over 15 apartment communities and 1,000-plus units. She also has spearheaded the construction of a major shopping mall, including lease negotiations with anchor tenants. Mostly recently, Brunner spent nine years as Operations Manager for the largest real estate investment company in the U.S. Before earning her Oregon real estate license, Donna was licensed in New Jersey and Virginia. Donna can be reached by phone directly at (971) 717-6338 or email her by clicking the email icon above.

Mary Beth Christopher , Sr. Director of Underwriting email vCard

Mary Beth has more than 20 years of experience in the industry. After handling underwriting, evaluations and transactions coordination for more than 17,000 apartments in Oregon and SW Washington, Mary Beth joined Affinity Management. There, she worked closely with portfolio managers to help streamline day-to-day operations. At HFO, she brings her talents in apartment property financial analysis and research to the team. Mary Beth delves deep into the numbers and finds the unique story behind every property. Mary Beth can be reached by phone at (971) 717-6341 or email her by clicking the email icon above.

Krista Clarkson , Transaction Coordinator email vCard

Krista has more than 6 years of client-focused experience in the commercial real estate, health and financial/banking industries. After successfully wearing many hats as an office manager, and by making jobs easier for those around her, Krista was promoted to Transaction Coordinator in early 2015. Here, she will focus on compliance and contract review.  Krista attended Western Oregon University, where she graduated with a degree in dance and a minor in entrepreneurship. Translation: "Not only is she entertaining─ she's smart!" Krista can be reached by phone at (971) 717-6342 or email her by clicking on the email icon above.

Matt Klemsz , Underwriter/Analyst email vCard

Matt is a recent graduate of the University of Portland, with a Bachelor of Business Administration in Finance. Matt recently worked as an investment analyst intern for Bohemian Asset Management in Vancouver, Washington, where he focused on underwriting multifamily properties. In his spare time, Matt has volunteered with SMART (Start Making a Reader Today) and Friends of Trees, which unites Portland/Vancouver metro residents to plant and care for city trees and green spaces. Matt can be contacted by calling (971) 717-6350 or via the email icon above. 

Matt Reynolds , Research Analyst email vCard

Matt’s sense of curiosity about the world drives him towards wanting more data and facts. His attention to detail and question-based thought process translates well into his role as research/analyst. Matt oversees the management and data integrity of HFO's proprietary shared database. Matt reports directly to the managing director, and his role enables him to work with all HFO team members─ bringing value to each department. Before joining HFO, Matt assisted a Portland-area labor union with economic research. He graduated from Portland State with a B.A. in Economics, with an emphasis on Statistics and a minor in Music. Matt can be reached by phone at (971) 717-6349 or email him by clicking the email icon above.

Jennifer Shuch , Research Analyst email vCard

Jennifer Shuch is the latest addition to the HFO research team where she will be working primarily in the firm database, making sure that team members are working with the most accurate information possible. Team members also call on Jennifer for her ability to assist on numerous projects throughout the office. Her prior work experience includes research and preparation of client presentations at Goldman Sachs offices in Washington DC and New York. She earned her undergraduate degree from Haverford College in Pennsylvania, and her M.A. from King’s College London where she focused on Middle East and Mediterranean Studies. Jennifer can be reached by phone directly at (971) 717-6355 or by clicking email icon above. 

Aaron Kirk Douglas , Sr. Director of Marketing, Chief Customer Officer email vCard

Aaron uses 17 years of marketing experience to create and manage all our property marketing programs. As well, he plans and executes our communications and events─ including HFO-TV. He has earned national marketing awards for his work at HFO, Miller Nash and Barran Liebman law firms. Aaron serves on the board of Big Brothers/Big Sisters Columbia Northwest. He is a graduate of the University of Oregon school of Journalism and his first book, entitled Growing Up Twice: Shaping a Future by Reliving My Past will be published in January, 2016 by Newsworthy Books. Aaron can be reached by phone directly at (971) 717-6337 or via the above email icon.

Tien Nguyen , Graphic Designer email vCard

HFO's full-time in-house graphic designer, Tien Nguyen puts his talent to work for our clients every day. He previously spent 8 years as the lead designer for Ankrom Moisan Architects. There, Tien supported architects and interior designers with presentations, photo retouching, renderings and collateral materials─ from design concept through construction. His work required the preparation of marketing materials─ ranging from print proposals and brochures to architectural models and interactive web design. Tien's love of architecture, and his ability to bring out a building's best qualities, are evident in all his work. Tien can be contacted by clicking on the email icon above. 

Kelsey Turner , Office Coordinator email vCard

HFO is delighted to have Kelsey on the team. She brings a wide range of detail-oriented experience as an office coordinator and data entry clerk. She keeps our office running smoothly and assists with many marketing-related tasks. Hers is the friendly voice answering calls, so say hello and introduce yourself the next time you ring! Kelsey can be reached by phone directly at (971) 717-6326 or by clicking email icon above.

Featured Article
2014 Portland Metro U.S. Apartment Vacancies End At Nation's 5th Lowest
February 23, 2015
by HFO Research

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

Campbell Park - $6,200,000
Read Full Case Study

A job well done! I always appreciate HFO's guidance throughout the entire transaction.

PengYew (PY) Wong, Malaysia