News
Apartment Industry Response to President Obama's Real-Estate Owned Initiative"The President’s proposal underscores our key message that while there might be an oversupply of single-family housing, there is a shortage of rental housing. Demographics and changing lifestyles...
Apartment Industry Continues Recovery, Survey Says"In the face of an unprecedented virtual shutdown of development, the apartment market continues its strong recovery as developers play catch-up to the growing demand for rental housing," said NMHC...
America Becoming a Nation of RentersAccording to government statistics released yesterday the number of Americans renting continues to grow, outnumbering the number of people who own their own homes. It's a trend that seems...
Portland Metro Q4 Vacancy Rate Falls Again, to 2.9%The U.S. Census Bureau reports that the Portland/Vancouver metro area's vacancy rate fell yet again, from
3.1 percent to 2.9 percent in the fourth quarter of 2011. ...
Apartments in the Pipeline - 2,500+ Units On Tap for 2012HFO Marketing Director Aaron Kirk Douglas gives a roundup of apartment units slated to come online in 2012 in the Portland/Vancouver metro area.HFO Investment Real Estate. Serving investors with...
Home Prices Fall Again in PortlandMirroring widespread weakness in the housing market, the S&P Case-Shiller index reported home prices in Portland fell by 1.6 percent in November, 4.8 percent lower than November 2010.
A...
Portland metro area unemployment lowest in 3 yearsThe Oregonian reports data from the state employment department about the Portland-area's unemployment level falling to 8.6 percent, its lowest in three years. Read the full story.
Meanwhile, most...
Portland Releases Draft "Portland Plan" For ReviewAlthough the public comment period is here, the latest Portland Plan draft document is available now online. According to the City, "The Portland Plan is not just a land use plan; it is a plan for...
HFO 2012 NW Apartment Market ForecastHFO Investment Real Estate partner Greg Frick offers an update on the 2012 Portland/Vancouver area apartment market for apartment owners and investors.HFO Investment Real Estate. Serving investors...
HFO-TV: Demographic Trends Affecting Today's Rental Housing MarketSheila Martin, Director and Professor of the Institute of Portland Metropolitan Studies/Population Research Center discusses Socio-demographic Trends Affecting Housing the Portland Metro AreaHFO...
That New Renter? Probably A Single MomStudies by Property and Portfolio Research indicate there's a fairly large subsection of the rental market that developers may be forgetting about. Although married couples...
Top 1031 Exchange Audit Topics Identified in CaliforniaRecently, it was reported that 1031 exchanges continue to be one of the top audit topics for the California Franchise Tax Board (“FTB”). Although these items relate to audits conducted by the...
The Latest In Housing Trends - Single Family vs. MultifamilyWith apartment owners pushing rents to all-time highs and pundits hopeful of an economic recovery within the next decade, how long will the rent-versus-own dichotomy last? Multifamily Executive...
REIS: Apartment Vacancies Hit 10-Year LowThe vacancy rate fell to 5.2 percent, the lowest since the end of 2001, the New York-based property research firm said in a report. It was 5.6 percent in the previous three months and 6.6 percent a...
Pearl District Activists Not Impressed By Shorter BuildingsAs developers turn to building shorter apartment structures to accommodate demand for rentals while keeping rent levels competitive, Pearl District Activists remain unimpressed. They worry that...
Kingsberry Heights - 260-Unit Investment Opportunity in Oregon CityKingsberry Heights is an institutional-quality low-income housing tax credit
property in the Portland, Oregon suburb of Oregon City. With 100% of the units
rented to tenants at 60% of median...
Apartment Insurance Costs on The RiseThe National Multi-Housing Council has reported that for the first time in four years, the cost to insure apartments rose slightly in 2011. The survey is based on data covering 750,000 units by 57...
Energy Trust of Oregon Cash Incentives for MultifamilyMeredith R. Rizzari, Senior Outreach Associate for the Energy Trust of Oregon discusses financial incentives available to apartment owners for improving energy efficiency in multifamily housing.
HFO...
No Weak Links in Portland Apartment MarketAlthough there was a bit of a letdown this last quarter in Portland, there really aren’t any meaningfully weak links no matter how you slice and dice the metro area's data, and the area continues to...
Transactions top $160 billion - Multifamily Expected to Lead in 2012From today's GlobeSt.com: Jones Lang LaSalle reports multifamily investment may overtake office on an absolute basis “for the first time in recent memory.” A VP for America's research for the...
HFO Co-Brokers Sale of Museum Place for $55.3MHFO has co-brokered the sale of downtown Portland's Museum Place for $55.3 million as reported in today's Oregonian.HFO Investment Real Estate. Serving investors with multifamily properties in...
HFO Welcomes New Sponsor Energy Trust of OregonHFO is pleased to welcome the Energy Trust of Oregon as an official sponsor of our 2012 Investor Roundtable, Apartment Investor Newsletter and more. Watch this space for more information about...
Multifamily Industry Expects Another Positive Year in 2012Will the favorable trends of 2011 continue? Oliver Chang, an analyst at Morgan Stanley, thinks so, calling 2012 “The Year of the Landlord” in a recent report. “Rents are rising, vacancies are...
Nine Things Renters in their Late 30's and 40's WantRenters in their late 30s to 40s likely have careers, families and responsibilities. These things are all taken into consideration when they look for a new apartment. What are these renters looking...
Following two strong years for the U.S. apartment market, what should we expect to see in 2012? Jay Parsons and Greg Willett discuss in this video from Apartment Market Dynamics.HFO Investment...
Case Studies
Ladd Apartments - $1,750,000Built: 1923 - 19 Units
Challenges:
(1) Achieve a condo conversion price for the property even though condo conversions had all but stopped and existing condo sales had slowed. (2) Close the transaction within a very short time period so the sale would be wrapped up before the end of the year.
The Solution:
After conducting a thorough analysis of the property and the marketplace HFO flexed every bit of its marketing / relationship muscle to find the most motivated buyers.
Result:
Within one week we received multiple offers on the property. HFO leveraged the offers to negotiate a closing timeline that fit the seller's needs — including non-refundable earnest money and the property sold at full asking price before the end of the year.