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HFO Brokers Rare 100% Value-Add Opportunity to National Investment Group for $30 million

September 21, 2020

HFO Investment Real Estate (HFO) has sold the 164-unit Silverwood Apartments in Gresham, Oregon, for $30 million.

Silverwood ApartmentsThe asset was acquired by Gelt, Inc., a Los Angeles-based real estate investment and asset management firm. The 164-unit property is located at 4777 SW 11th St, in Gresham.

“This property represents a rare one-hundred percent value-add opportunity in the highly desirable Gresham market,” said HFO partner Tyler Johnson.

News of the sale was reported in Connect Media, Yieldpro, Multifamily Press,, and RENTTV, among others.

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