Westview Heights

Built: 2002 - 198 Units

The Property:
Westview Heights is a two-phase development located adjacent to Portland's urban growth boundary. All of the units are townhome-style construction with attached garages. The floor plans are primarily three- and four-bedrooms, which creates a large average unit size. The property has minimal common area amenities. 

Challenges:
While Westview Heights would be considered an institutional property due to its size and location, the property's common area amenities are more limited than a typical apartment complex of its size. The townhome units and attached garage construction demanded a unique buyer with foresight towards non-traditional exit strategies. 

Result:
HFO used its relationships with national and Portland-based institutional owners to guide interested parties toward a comprehensive understanding of this unusual asset's potential.