Seattle Investment Group Buys Vancouver Apartments for $11.46 Million

January 4, 2021

HFO Investment Real Estate (HFO) has sold the 52-unit Van Mall North Apartments in Vancouver, Washington to the Seattle Investment firm Core Properties West for $11.46 million.

Seattle Investment Group Buys Vancouver Apartments for $11.46 Million HFO utilized its exclusive database of multifamily investors to locate a buyer who had not previously invested in the Portland / Vancouver metro area.

“Investor demand for Vancouver apartments remains very high, especially considering the impacts of the ongoing Pandemic on tenants,” said HFO partner Tyler Johnson. Van Mall North was brought to market in June, just as the Pandemic was underway and Governor Inslee’s ban on evictions was put in place.

Van Mall North (1996) consists of 52 one-, two- and 3-bedroom units with an average of 1,200 square feet. More than seventy-five percent of the apartments have been updated.

HFO’s Tyler Johnson, Rob Marton, and Greg Frick represented the parties, including the seller, Guardian Real Estate Services of Portland.

HFO Quote

Every time I had a problem Todd took care of it. The level of service at HFO is excellent.

Paul H., Lake Oswego, OR
I have done 5-6 deals with HFO, and things have gone so well. I use HFO exclusively.

Greg W., Vancouver, WA
HFO doesn't lead sellers into unrealistic expectations of pricing. They are exceptional and advocate for both buyers and sellers' interest.

Doug R., Reno, NV
Greg is great. I'm very happy with him, and the whole HFO team.

Leslie M., Pacific Palisades, CA
We had a wonderful experience with HFO - excellent on everything. They are very responsive. Greg did a great job.

Leonard G., Portland, OR
HFO is a very well run brokerage and goes above and beyond in providing information to investors. I really like their roundtables, market updates and podcasts.

Rachel S., Menlo Park, CA
HFO is thoroughly professional.

Phil O., Oregon City, OR
I have brokers calling me all the time. Greg Frick is the only one I’ve talked with who left me feeling smarter after the conversation. I’ve become a loyal client of HFO.

John E., Portland, OR
We do a lot of transactions and sometimes when there is an issue a broker will tell us "it's not my problem." Lee got in there and really helped beyond what was necessary.

Matt K., Manhattan Beach, CA
HFO is professional, knowledgeable and honest. They get it done.

Michael K., San Francisco, CA
I am such a fan of HFO. HFO is night and day better than the firm we used before and I am 100% loyal to them.

Sue C., San Jose, CA
For the eleventh year in a row, HFO Investment Real Estate is one of Portland's top philanthropic corporations. (2020)

The Portland Business Journal
One of the best firms at seeing a deal from the owner's perspective.

Matt K., El Segundo, CA
Deep knowledge of the market and personal integrity of the brokers sets HFO apart for our family. As someone who spent 40 years in apartment brokerage, I believe HFO is far ahead of its nearest competitor.

Dean M., Fort Denaud, FL
HFO does a great job on the web and email keeping owners posted on the whole political scene.

Richard R., Palm Desert, CA
Efficient and go-getters. Didn't wait for things to happen, they were active.

John P., Redmond, WA
True professionals with unparalleled degree of expertise in the Portland multifamily space.

Boyd W., Vancouver, WA
I appreciated Adam’s responsiveness, experience, and knowledge.

Itzik S., Eugene, OR
Since 2006, HFO has consistently been recognized by CoStar as one of Portland Metro's PowerBrokers based on transaction volume. In March of 2021, HFO once again earned this distinction for the 2020 calendar year.

CoStar Group
Greg is great, friendly, interesting, timely in calls and checks in regularly. Honesty is #1 and Greg has that going for him.

John N., Portland, OR
Great experience over the years, and I will be using HFO in the future.

Joel M.
My experience with HFO was very, very positive.

Lecia K., San Francisco, CA
I like that HFO focuses solely on multifamily and does it really well. I like the blog and appreciate HFO-TV. HFO has the experience and focus to get me the best multifamily deal. I wouldn't use anyone else.

Kenny G., West Linn, OR
HFO is the best boutique real estate brokerage in Portland.

Max S., W. Hollywood, CA
My listing was in a smaller market and HFO did a great job of finding buyers. They also did an excellent job handling all the backroom financials and documents.

Lee S. Keizer, OR
There were many landmines in my transaction, and I am glad to have hired HFO because they handled it well. HFO is the only company my wife and I would recommend.

John E., Mesa, AZ

Seattle Investment Group Buys Vancouver Apartments for $11.46 Million

HFO Quote

Every time I had a problem Todd took care of it. The level of service at HFO is excellent.

I have done 5-6 deals with HFO, and things have gone so well. I use HFO exclusively.

HFO doesn't lead sellers into unrealistic expectations of pricing. They are exceptional and advocate for both buyers and sellers' interest.

Greg is great. I'm very happy with him, and the whole HFO team.

We had a wonderful experience with HFO - excellent on everything. They are very responsive. Greg did a great job.

HFO is a very well run brokerage and goes above and beyond in providing information to investors. I really like their roundtables, market updates and podcasts.

HFO is thoroughly professional.

I have brokers calling me all the time. Greg Frick is the only one I’ve talked with who left me feeling smarter after the conversation. I’ve become a loyal client of HFO.

We do a lot of transactions and sometimes when there is an issue a broker will tell us "it's not my problem." Lee got in there and really helped beyond what was necessary.

HFO is professional, knowledgeable and honest. They get it done.

I am such a fan of HFO. HFO is night and day better than the firm we used before and I am 100% loyal to them.

For the eleventh year in a row, HFO Investment Real Estate is one of Portland's top philanthropic corporations. (2020)

One of the best firms at seeing a deal from the owner's perspective.

Deep knowledge of the market and personal integrity of the brokers sets HFO apart for our family. As someone who spent 40 years in apartment brokerage, I believe HFO is far ahead of its nearest competitor.

HFO does a great job on the web and email keeping owners posted on the whole political scene.

Efficient and go-getters. Didn't wait for things to happen, they were active.

True professionals with unparalleled degree of expertise in the Portland multifamily space.

I appreciated Adam’s responsiveness, experience, and knowledge.

Since 2006, HFO has consistently been recognized by CoStar as one of Portland Metro's PowerBrokers based on transaction volume. In March of 2021, HFO once again earned this distinction for the 2020 calendar year.

Greg is great, friendly, interesting, timely in calls and checks in regularly. Honesty is #1 and Greg has that going for him.

Great experience over the years, and I will be using HFO in the future.

My experience with HFO was very, very positive.

I like that HFO focuses solely on multifamily and does it really well. I like the blog and appreciate HFO-TV. HFO has the experience and focus to get me the best multifamily deal. I wouldn't use anyone else.

HFO is the best boutique real estate brokerage in Portland.

My listing was in a smaller market and HFO did a great job of finding buyers. They also did an excellent job handling all the backroom financials and documents.

There were many landmines in my transaction, and I am glad to have hired HFO because they handled it well. HFO is the only company my wife and I would recommend.