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HFO Multifamily Marketwatch - Monday - June 14, 2021

This week: the potentially devastating economic impact of eliminating 1031 exchanges; inflation fears pick up, and the Oregon legislature takes steps to expand options for affordable housing. Listen to our latest podcast. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate...

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HFO-TV: HFO Broker Stephen Wendt on Client Interest in Legacy and Estate Planning

Broker Stephen Wendt discusses the recent uptick in interest among clients on the topic of legacy and estate planning in light of the COVID-19 pandemic. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your...

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HFO-TV: Lee Fehrenbacher on Concessions in the Portland Metro Area Apartment Market.

HFO Senior Broker Lee Fehrenbacher discusses market concessions, the perception of the Portland market from outside investors, and the high premiums on recent sales for medium-level value-add opportunities. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment...

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Sold! 21 Units on SE Division, Portland, Oregon

Click to EnlargeHFO is pleased to announce the sale of The Oliver, a mixed-use asset in the heart of the Division Street retail corridor. The property is newer construction and was unique for its unit mix of generously sized one- and two-bedroom apartments. HFO used its vast network of investors to locate an out-of-state purchaser looking to...

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Elimination of 1031 Exchanges Called "Potentially Devastating" for $55.3B in Annual Economic Impact

The White House has proposed a tax and spending plan that would end tax deferments on most 1031 exchange transactions effective Dec. 31, 2021. Industry experts are calling the move "potentially devastating" due to the impact on apartment upgrades and rehabs. According to BISNOW: A study from Ernst & Young estimates the 1031 exchange program drives...

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Oregon's New Prohibition on Enforcement of Unauthorized Guest Provisions.

Oregon Senate Bill 282 prohibited enforcement of unauthorized guest provisions. Attorney Brad Kraus discusses this as well as the rights and remedies landlords have remaining after the passage of SB 282 in this article. His earlier article on the subject can be found here. HFO Investment Real Estate specializes in multifamily brokerage sales and...

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HFO Multifamily Marketwatch - June 7, 2021

This week: Oregon opens its landlord compensation fund for the final round of applications; construction material price increases causing higher costs, and rents are rising across the country as pandemic pricing comes to an end. Listen to our latest podcast. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory...

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Seattle to Add 100 Tiny Houses Throughout City by Summer

With two new villages and an expansion, the effort to double tiny house villages in Seattle begins. Read more. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com

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Tell Your Members of Congress to Support These Important Housing Bills

The National Apartment Association (NAA) has launched some grassroots campaigns centered around important affordability issues being debated in congress. Please take action on these campaigns to tell your members of Congress to pass these important housing bills. Section 8 Reform Alert - Reforming Section 8 has been a long-sought-after legislative...

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Oregon Landlord Fund Round 3 Opens

The Oregon Landlord Fund round three has opened. The fund is for rental owners who have been unable to collect tenant rent due to the tenant's financial hardships. Rental owners whose applications are accepted and awarded will receive 80% of owed, unpaid rent from April 2020 through the application period. They will be required to forgive the...

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Broker Todd Tully Discusses the Clark County / Vancouver Washington Apartment Market

Todd Tully, who specializes in multifamily sales in the southwest Washington market, discusses the recent influx of investment and tenants there. While investors are active in the market due to increasing regulation of the Oregon and Portland apartment market, tenants have been relocating there due to Washington State's more efficient system of...

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HFO Broker Adam Smith Discusses Recent Multifamily Trends in Oregon's Willamette Valley

The Willamette Valley area of Oregon has seen significantly more investor attention with the addition of regulations and scarcity of housing in the region. HFO Broker Adam Smith and Partner Greg Frick discuss these trends. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate...

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Pandemic Pricing Comes to an End as Rents Rise Rapidly in Most Areas

Rents are on the rise in most areas as pandemic pricing is coming to an end. According to Apartment List, rents were up 2.3 percent in May, the largest monthly gain since the company began tracking rents in 2017. Read more in Rental Housing Journal. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for...

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Scarcity of Facts Forces Oregon Legislative Committee to Hold Hearings Friday as Clock Ticks Down to Moratorium Expiration

The Oregon House Committee on Housing will hold an informational hearing on Friday in an attempt to determine how many renters may actually face eviction when the moratorium expires at the end of this month. At the present time, estimates on how much back rent is owed in Oregon ranges from $171 million to $1.46 billion statewide, depending on who...

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HFO Multifamily Marketwatch - Tuesday, June 1, 2021

This week: The $40 billion in rent relief headed to states; $318 billion of proposed housing and tax credits in President Biden’s infrastructure plan; economists predicting a post-pandemic boom, and soaring lumber costs are slowing construction. Listen to our latest podcast. HFO Investment Real Estate specializes in multifamily brokerage sales and...

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Implementation Details Emerge on Oregon House Bill 282 - Tenant Rent Repayment Extension to February 2022

On May 19, 2021, Senate Bill 282 (SB 282) was signed into law. SB 282 extends some Tenant protections while creating new ones, but more importantly, it functions as the “off-ramp” from Oregon’s eviction moratorium (HB 4401), requiring Tenants to begin paying rent on time for July and beyond. While this update summarizes the law, it is no...

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OSU Professor Develops Method to Predict Future Price Changes for Logs

An Oregon State University researcher has developed a new way to predict the future price of logs that uses readily available economic information. Read more. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build...

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Skyrocketing Lumber Prices Affecting Construction of New Multifamily Homes Nationwide

Lumber prices are skyrocketing, outpacing the price hikes in other materials. Nationally, lumber prices have increased 89.7 percent year over year April 2020-April 2021 and since December 2020, prices have risen 34.3 percent. Read more. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real...

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Multifamily Properties with Bulk Internet Services May Benefit From Federal Broadband Plan

The COVID-19 relief $3.4 billion Emergency Broadband Benefit Program administered by the FCC may provide assistance to multifamily providers with bulk internet service to low-income residents. Benefits would be paid directly to broadband providers. The application portal for these funds is open now. Learn more. Meanwhile, learn what President...

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Portland, Oregon Metro-Area Real Estate Update with Dr. Gerard Mildner, PSU Center for Real Estate

Dr. Gerard Mildner, director of the Portland State University Center for Real Estate, gives a boots-on-the-ground update on the many machinations in the greater Portland, Oregon, real estate scene. Dr. Mildner covers the Urban Growth Boundary, the costs of new development in Greater Portland, and more. He calls upon the area's large real estate...

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