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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...

Forecast: Solid Real Estate Growth Through 2017
This past week, the Urban Land Institute Center for Capital Markets and Real Estate released its latest semi-annual annual ULI Real Estate Consensus Forecast, and it’s predicting solid growth for...

Commercial Real Estate: Multifamily Trends in 2015
Published two months ago, the founder of Bull Realty, Inc. out of Atlanta, GA, Michael Bull posted an informative article on trends multifamily owners and investors should expect to see in...

Reis Reports: Apartment Vacancies To Remain Low Despite Construction Boom
In a number of markets, there are cranes building apartments as far as the eye can see. Thankfully, because the market is currently so tight, it will take a number of years before the increase in...

What is Portland's Current Ranking for Apartment Rent Growth?
MPF research has completed first quarter data crunching for 2015 and reveals where Portland ranks among the nation's top cities for effective rent growth. Can you guess? If you can't watch this...

MFE: Why Millennials Are Beginning to Move Out of Cities
So much buzz has been generated about Millennials living in urban core cities. However, Ryan Severino, Senior Economist and Director of Research with Reis, a real estate research and analysis firm...

Apartment Rents: 1Q Rent Growth Soars - Axiometrics
According to Axiometrics, effective rent growth numbers for the first quarter of 2015 are the highest they have been in 3.5 years. Solid job growth and the continuing trend of wanting to rent vs. buy...

Where did Portland and Seattle Rents Rank Nationally in March?
For the second month in a row, rents in Portland were the 14th most expensive for major markets, according to the Zumper National Rent Report, March 2015. Seattle remained at number 10 for...

HFO wants to know. What would you do with these two pieces of land?
We want to hear from you! If you had the choice to develop any type of property, which site would you choose and what would you develop? Pearl District Post Office - 14 acre site South Waterfront...

How's the Economy in Portland, Oregon? Going Strong.
The Portland metro region's unemployment rate was 5.6 percent, almost one percent lower than a year earlier. Over the past 12 months, the region has enjoyed impressive job growth in almost every...

How is the US Apartment Market Doing? In a Word: Robust
MPF Research reports that on the heels of one of its best years in recent history, the U.S. apartment market continued to record impressive demand and rent growth in 1st quarter 2015. Annual rent...

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...


Case Studies

Monterey Springs - $51,250,000

Built: 1990 - 390 Units

The Property:
Monterey Springs is a 390-unit apartment asset located adjacent to Clackamas Town Center in Happy Valley, Oregon. This asset underwent an extensive $5,000,000 renovation—both interior and exterior—prior to sale. 

Challenges:
Due to the extensive renovation and strong rent growth, the asset's value add had been completed prior to the listing and sale of Monterey Springs. HFO Investment Real Estate was challenged to demonstrate to investors that new management and escalating rents in the Portland market enhanced the yield opportunity of the asset.

Results:
HFO's successful national marketing plan, which demonstrated the strength of the Portland market and of Monterey Springs,garnered a number of competing offers. Monterey Springs was marketed unpriced and the asset ultimately closed above the original price targeted by the seller.
 

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

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

HFO performs effectively and knowledgeably.

Steve Hartunian, Empire Investments LLC, Century City, CA