Close-In SE Portland Apartment Community Sells Above Asking Price

September 3, 2015

HFO Investment Real Estate (HFO) is pleased to announce the sale of the 18-unit Hollyhurst Apartments. Built in 1960, the vintage property traded for $2.75 million, or approximately $152,777 per unit.

Hollyhurst is a low-density property, located off SE Holgate and SE 39^th in the Woodstock neighborhood. The property is pleasantly landscaped; units have front and back entrances. All apartments were most recently updated in 2008.

Every project has a story, and Hollyhurst is no exception. This property was managed for occupancy—not income. With our laser-focus and deep understanding of the Portland market, the HFO team was able to find qualified investors and garner a double-digit number of offers using our ability to share our market knowledge with potential buyers. In the end, the owner accepted a contingent-free offer that came in above list price.

Both buyer and seller are Portland-based and currently own other multifamily properties in metro area. HFO represented the parties in the transaction.

HFO Quote

My experience with HFO was very, very positive.

Lecia K., San Francisco, CA
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
I appreciated Adam’s responsiveness, experience, and knowledge.

Itzik S., Eugene, OR
HFO is the best boutique real estate brokerage in Portland.

Max S., W. Hollywood, CA
Efficient and go-getters. Didn't wait for things to happen, they were active.

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

Leslie M., Pacific Palisades, CA
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 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 does a great job on the web and email keeping owners posted on the whole political scene.

Richard R., Palm Desert, CA
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
HFO is thoroughly professional.

Phil O., Oregon City, OR
HFO is professional, knowledgeable and honest. They get it done.

Michael K., San Francisco, 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
Great experience over the years, and I will be using HFO in the future.

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

Matt K., El Segundo, 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
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
True professionals with unparalleled degree of expertise in the Portland multifamily space.

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

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

Leonard G., Portland, OR
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

Close-In SE Portland Apartment Community Sells Above Asking Price

HFO Quote

My experience with HFO was very, very positive.

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.

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

HFO is the best boutique real estate brokerage in Portland.

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

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.

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

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

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

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)

HFO is thoroughly professional.

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

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.

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

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

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.

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

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

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

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

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

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.