Blog Posts

Sold! 19 Units in SE Portland, Oregon

Swan Court (1942) was on the market for an extended period due to the unique unit sizes. Ultimately, HFO was able to generate multiple offers for the seller. For more information about this...

HFO's Podcasts are Now on Spotify

You can now find Multifamily Marketwatch on Spotify!HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment...

New Supply Easing Rents in Portland, but Slowing Development Activity Could Reverse the Trend

The Willamette Week reports that a number of newer luxury apartments in Portland's Central City are offering concessions to renters, and in some cases even lowering rent, in order to fill vacant...

Sold! 12 Units in Gresham, Oregon

HFO sold the 12-unit Green Tree Apartments (1970) to the seller in 2016. The new owner was able to make improvements over a two-year period, and when he was ready to sell the asset he returned to HFO...

City of Portland Releases Final Draft Tenant Screening Ordinance

Commissioner Chloe Eudaly's office has circulated a final draft copy of a renter screening proposal that would take away an apartment owners' right to protect tenants and their families from...

Multifamily Marketwatch Podcast - August 13, 2018

This week: Auditors find that about 80% of Portland's short-term rentals may be operating illegally; Mayor Ted Wheeler rearranges oversight of Portland's bureaus, and the City of Vancouver Washington...

City of Portland Releases Draft URM Placard and Tenant Notice and Ordinance for Adoption 8/16/18

On June 13th, the City Council asked City staff to draft an ordinance requiring URM owners to place a placard on buildings that have not been retrofitted to prevent a collapse in a major earthquake...

Happy Valley, Bend Top the List of Oregon's Fastest Growing Cities

The Oregonian ranked Oregon's fastest growing cities using Census data. The rankings are based on population growth between 2010 and 2017. Happy Valley was the fastest growing city in Oregon, with an...

Sold! 20 Units in Portland, Oregon

Built in 2003 the Springwater Place Apartments consisted of two-story condo-style buildings, featuring 3-bed and 2 ½ bath units with garages, individual gas hot water heaters and gas forced air...

Sold! 10 Units in Portland, Oregon

The Hassalo Duplexes (1963) included three duplex houses, one single family residence, and one tri-plex. Most of the buildings were on individual tax lots. The Hassalo Duplexes were managed by their...

Multifamily Marketwatch Podcas

This week: tenants in a SE Portland apartment complex decide to go on a rent strike; the Portland City Council postpones voting on the residential infill plan; while on the national stage, a...

Portland's Planning and Sustainability Commission is Making Big Changes to the Residential Infill Plan

Portland's Planning and Sustainability Commission is working on changes to the proposed Residential Infill Plan, which it hopes will encourage the development of "missing middle" housing in the city...

Sold! 80 Units in Gresham, Oregon

Grant View Court (1965) offers a combination of one-story garden flats and traditional two-story apartment flats. The property has been updated with new windows, paint, signage and seal coat. A...

Tenants Withholding Rent at Southeast Portland Apartment Complex in Largest Rent Strike in Decades

The Willamette Week reports that the tenants of the Holgate Manor apartment complex in Southeast Portland plan to withhold rent beginning August 1st, due to rent increases and construction at the...

Sold! 51 Units in Gresham, Oregon

Gresham Park (1991) was a value-add opportunity. Some exterior work had been completed, but the units were original and would benefit from updating.  The seller was in the middle of a 1031...

Multifamily Marketwatch Podcast - July 30, 2018

This week: the Portland City Council has created a housing registry landlords of one or more units; Metro council staff released the draft 2018 Urban Growth report and a recent survey finds growing...

Sold! 10 Units in Beaverton, Oregon

Allen Terrace (1973) was an off-market opportunity that HFO sourced, negotiated and closed with a client who was in a 1031 exchange. Both Buyer and Seller benefited from a quick transaction that was...

U.S. Census: Year-Over-Year Portland and Seattle Vacancies Fall

The U.S. Census Bureau reported today that second quarter 2018 rental vacancy rate for the Portland/Vancouver/Hillsboro metro area was 4.8%, a 1.2% increase from the first quarter but a decrease of...

Portland City Council Voted to Create Inventory of Rental Housing

The Portland City Council voted Wednesday to create an inventory of rental housing in the city, which will require all landlords (including those who only rent a single unit) to register their rental...

Portland City Council Voting Today on Residential Rental Registration Program

The Portland City Council is holding a vote today on a policy to create a so-called Residential Registration Program. The program would require all landlords to register property with the city, and...