HFO Brokers $35.25M Vancouver Apartment Transaction

February 9, 2016

Meadows at Cascade Park, Vancouver, WA HFO Investment Real Estate (HFO) has sold the 198-unit Meadows at Cascade Park Apartments in Vancouver, Washington for $35,250,000. The Meadows at Cascade Park is an attractive, low-density garden court community with a diverse unit mix in a park-like setting. The asset offered investors an excellent value-add opportunity.

“Renter demand for apartments outside of the urban core continues to drive vacancies lower, and rents higher, in markets like Vancouver and Gresham—and investors have clearly taken notice,” said HFO partner Tyler Johnson.

The sale represented a price per unit of $178,030, or $177 per square foot. This is among the three highest PSF sales in Vancouver in the past 12 months. The seller was Belkorp Holdings, a Canadian investment firm with numerous Portland/Vancouver area properties; the buyer was Jackson Square Properties, a San Francisco-based firm with multiple properties in the area.

HFO’s collaborative brokerage services and multifamily-exclusive focus, combined with its national market reach, garnered interest in the asset from nearly all 50 states.

HFO Quote

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

Itzik S., Eugene, OR
HFO is professional, knowledgeable and honest. They get it done.

Michael K., San Francisco, CA
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
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 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
Greg is great. I'm very happy with him, and the whole HFO team.

Leslie M., Pacific Palisades, CA
HFO is the best boutique real estate brokerage in Portland.

Max S., W. Hollywood, CA
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 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.
My experience with HFO was very, very positive.

Lecia K., San Francisco, 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
HFO does a great job on the web and email keeping owners posted on the whole political scene.

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

Phil O., Oregon City, OR
Efficient and go-getters. Didn't wait for things to happen, they were active.

John P., Redmond, WA
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
One of the best firms at seeing a deal from the owner's perspective.

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

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

Paul H., Lake Oswego, OR

HFO Brokers $35.25M Vancouver Apartment Transaction

HFO Quote

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

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

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.

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

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.

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

HFO is the best boutique real estate brokerage in Portland.

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

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.

My experience with HFO was very, very positive.

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.

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

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.

HFO is thoroughly professional.

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

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.

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

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

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.

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.

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.

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.

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