HFO Brokers $43 Million Multifamily Transaction in Eugene, Oregon

April 20, 2016

HFO Investment Real Estate (HFO) has sold the 272-unit Riverwalk Apartments in Eugene, Oregon for $43.1 million.

Riverwalk is a luxury lifestyle asset with resort-style suburban amenities which was developed by BPM Real Estate Group, of Portland, Oregon.

Completed in 2015 and fully leased up in 2016, the property is one of the very few newly built apartment properties in Eugene. Riverwalk offers unique amenities, and an urban setting combined with immediate access to 150-acre Delta Ponds City Park. The apartments are close to a bike connector leading to the 12-mile bike path along the Willamette River.

The sale represented a price per unit of $158,456 | $205.21 per square foot. The seller was Alexander Loop LLC of Portland, Oregon, that was owned by a partnership managed by Walter C. Bowen. The buyer was Green Leaf Riverwalk of Danville, California.

“Riverwalk is a spectacular asset in the growing city of Eugene, Oregon’s newest technology hub,” said HFO partner Cody Hagerman. “It offers an investor the opportunity for long-term, stable growth as the Eugene/Springfield area continues to grow as a magnet for medical and technology companies.”

Utilizing its national market reach, HFO garnered significant interest in the asset from investors across the country, particularly in California, Arizona, Utah and Illinois.

HFO Quote

HFO is thoroughly professional.

Phil O., Oregon City, 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
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
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
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
True professionals with unparalleled degree of expertise in the Portland multifamily space.

Boyd W., Vancouver, WA
HFO is professional, knowledgeable and honest. They get it done.

Michael K., San Francisco, CA
HFO is the best boutique real estate brokerage in Portland.

Max S., W. Hollywood, 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
HFO does a great job on the web and email keeping owners posted on the whole political scene.

Richard R., Palm Desert, CA
I have done 5-6 deals with HFO, and things have gone so well. I use HFO exclusively.

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

John P., Redmond, WA
Every time I had a problem Todd took care of it. The level of service at HFO is excellent.

Paul H., Lake Oswego, 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
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
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
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
Great experience over the years, and I will be using HFO in the future.

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

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

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

The Portland Business Journal
My experience with HFO was very, very positive.

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

Itzik S., Eugene, OR

HFO Brokers $43 Million Multifamily Transaction in Eugene, Oregon

HFO Quote

HFO is thoroughly professional.

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.

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.

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.

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.

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

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

HFO is the best boutique real estate brokerage in Portland.

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

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

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

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.

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

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

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

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.

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.

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.

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

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

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.

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

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

My experience with HFO was very, very positive.

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