86 Townhome Units in Springfield, Oregon Sold for $10.9 Million

October 12, 2017

HFO Investment Real Estate (HFO) announced the sale of the Evergreen Townhouses in east Springfield, Oregon for $10.9 million.

The Evergreen Townhouses consists of 86 townhomes in 43 duplex buildings on individual tax lots on 6.78 acres. The townhomes have an average 976 square feet. Built in two phases in 1993 and 1997, the sale represents the second highest dollar apartment transaction for Lane County this calendar year. (The largest transaction was Springfield’s 110-Unit Brentwood Estates, also brokered by HFO.)

“East Springfield offers peaceful suburban living. Evergreen Townhouses are a low-density development with green space and two playgrounds that give it a park-like feel,” said HFO partner Rob Marton. “The area’s vacancy rate is extremely low, at about three percent, and Evergreen is a great example of housing ideal for workers of Springfield-Eugene’s thriving medical, technology, and education centers.”

The seller was Umbrella Properties of Coburg, Oregon and the buyer was a private investor based in Sacramento, California. The sale represents a price per unit of $126,744 per unit or $129.82 per square foot.

HFO Quote

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

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

Leslie M., Pacific Palisades, CA
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
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
Efficient and go-getters. Didn't wait for things to happen, they were active.

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

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

Greg W., Vancouver, WA
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
HFO is the best boutique real estate brokerage in Portland.

Max S., W. Hollywood, CA
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
One of the best firms at seeing a deal from the owner's perspective.

Matt K., El Segundo, CA
My experience with HFO was very, very positive.

Lecia K., San Francisco, CA
HFO is thoroughly professional.

Phil O., Oregon City, OR
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
We had a wonderful experience with HFO - excellent on everything. They are very responsive. Greg did a great job.

Leonard G., Portland, OR
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
HFO is professional, knowledgeable and honest. They get it done.

Michael K., San Francisco, CA
HFO does a great job on the web and email keeping owners posted on the whole political scene.

Richard R., Palm Desert, CA
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
True professionals with unparalleled degree of expertise in the Portland multifamily space.

Boyd W., Vancouver, WA

86 Townhome Units in Springfield, Oregon Sold for $10.9 Million

HFO Quote

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

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.

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

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

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.

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

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.

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

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.

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

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.

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

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.

HFO is the best boutique real estate brokerage in Portland.

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.

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

My experience with HFO was very, very positive.

HFO is thoroughly professional.

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.

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

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

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

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

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.

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