News


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...

New Listing! 12 Well-Maintained Units in Canby with Rent Upside
Mountain View's units are oversized two- and three-bedroom apartment flats averaging 946 square feet. The property large-sized units are unique for a 12-unit asset and occupancy has been high. Many...

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...

GlobeSt.: Summer Is Ideal for Multifamily Rent Growth
In a recently published article on GlobeSt., going green or staying green, paying close attention to competitors rents and adding outdoor amenities for tenants to gather and feel a sense of community...

Big Brothers/Big Sisters Gives HFO Some BIG, Sweet Thanks
Oh man! We were loving us some big donuts today when Kimberlee Hanken of Big Brothers/Big Sisters showed up to thank us with some BIG donuts for supporting Big Brothers/Big Sisters Columbia...

What Is the Top Transportation Project East Portlanders Want?
Sidewalks on busy streets. David Hampsten, an East Portland neighborhood advocate and committee member of Portland's Bicycle Advisory Committee helped manage and analyze a huge survey this past...

Costar's $90 Million Acquisition of Apartment Finder - Dailey News Article - Globest.com
Commerical real estate's giant gorrilla-like information and analytics provider, CoStar Group, was reported today that they will be purcashing Apartment Finder of part of its $90...

Axiometrics: Portland's Terrific Apartment Market
More information can be found at Axiometrics.  HFO Investment Real Estate. Multifamily brokerage sales serving investors and apartment owners through out Oregon and Washington. Visit us online...

Census: Portland/Vancouver Metro Has Nation's Lowest Apartment Vacancy Rate
The U.S. Census Bureau is reporting that the rental vacancy rate for the Portland/Vancouver /Beaverton area was 2.7 percent in the first quarter of 2015 and the lowest vacancy in the...

Just listed! 10 Units in Central Salem, Oregon $565,000
The Bramble Apartments is a well-maintained 10-unit asset located in central Salem. The property's rents are below market and investors have an opportunity to increase income by bringing rents to...

Microunit Update: Rent 200 SF in Downtown Portland for $925
Micro-units—rental apartments about the size of a hotel room—represent a small but growing niche of the real estate multi-housing market.  Read more. On our blog we wrote previously about...

U.S. Rent Growth at 44 Month High
Anyone who thought the strength that fundamental apartment market metrics demonstrated in 2014 would suddenly change with the new year thought wrong. Annual effective rent growth, for one, has...

Reminder: Come Out to Support Oregon Food Bank's Canstruction - Sponsored by HFO
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...

Rent Control: Seattle is fired up
According to a recently published article in the Puget Sound Business Journal, the people of Seattle were heard at City Hall. An overflow crowd of furious renters attended a town hall meeting to...

Multifamily NW Report: Portland Metro Average Vacancy 3.09%
MultifamilyNW released its Spring 2015 Apartment Report this morning. Current year-over-year vacancy and rents by area: [Click on the image to enlarge.] Notes: West Vancouver boasts the lowest...

Sold! 85-Unit Ivy Lake Court in Portland's Raleigh Hills
Ivy Lake Court is an 85-unit property in SW Portland. This exclusive Raleigh Hills property is conveniently located near major employment centers in Beaverton, Tigard and downtown Portland. Built in...

Will Portland's City Council Pass a New Energy Performance Reporting Policy Today?
Portland's City Council will hold a hearing at City Hall at 3:30 pm today to vote and determine if Portland will be the 12th city in the nation to mandate energy reporting by commercial...

Greg Frick: Eliminating 1031 Like Kind Exchanges Could Chill Real Estate Market
by Greg Frick, HFO Investment Real Estate Tax-deferred exchanges of certain property types have been a part of the Internal Revenue Code for more than 80 years. I’ve been in the commercial real...

HFO Receives Top Sales Firm Award From CoStar for 2014
by Spencer Marona, Managing Director Congratulations to the entire HFO team for being awarded the 2014 CoStar Power Broker Award: Top Sales Firm for the greater Portland-Vancouver-Hillsboro, OR/WA...

Washington County Ranks #1 in U.S. Fourth Economy Index
The latest release of the Fourth Economy Community Index (FEC Index, #FECIndex) has released the nation’s top ten mega-sized Fourth Economy Communities. These communities are recognized as the...

Just Listed! 12 Units in NE Portland near Lloyd Center and 40 Units in Hillsboro
Aspen Grove is located in Hillsboro near Intel's campus. All the flats in this five-building property are 2-bedroom corner units. Aspen Grove offers a rare opportunity and a strategic location in the...


Case Studies

Museum Place - $55,300,000

Year Built: 2003
Location: Downtown Portland, OR
Units: 140 apartments plus 49,242 SF retail

Sale Date: 12/30/2011
Sale Price: $55,300,000
Financing: New debt

The Property:
Museum Place is an institutional grade property located in downtown Portland. The property is mixed use, including both retail/commercial space, along with market rate and income restricted apartments.  

The Challenge and Results:
A large portion of the property included a single-tenant retailer. The challenge lay in properly valuing the portions separately and educating apartment investors on the retail portion of the property. The marketing goal was achieved by positioning that captured the attention of apartment investors in order to obtain the strongest cap rate.

Museum Place was marketed unpriced. The call for offers generated significant interest in this unique property. Through active marketing efforts, the sale price exceeded the original anticipated sale value. The property was purchased by a national institutional buyer making an entry into the Portland market. 

Featured Article
The Central Eastside's Skyscraper
March 26, 2015
by Lee Fehrenbacher, HFO Broker

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

Williams Alley - $1,800,000
Read Full Case Study

Cody Hagerman provided professional, focused service to me and referred a good property manager as well.

Julie Emerick, San Diego, CA