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Bethany West

Bethany West

The Property:
Bethany West Apartments was a newly built apartment property in the exclusive Bethany neighborhood of Portland. At the time of sale, there were very few apartments and limited newer-product in the Bethany neighborhood. Bethany West Apartments’ spacious one, two- and three-bedroom units offer home-like, high-end finishes, and regional views. The property has garages and carports for rent. 

Opportunities and Challenges:
Bethany West completed construction in November 2019, and the property was in lease-up during its marketing and escrow.

HFO successfully engaged an exchange buyer who was targeting new development and who was able to work with the limited financial operations and ongoing lease-up to close.

HFO Quote