Investment Groups Spend $23.45 Million Acquiring Apartments in Eugene and Gladstone

June 17, 2021

HFO Investment Real Estate (HFO) has sold the 82-unit Fountain Villa Apartments in Eugene, Oregon. It has also sold the 64-unit Tall Oaks Apartments in Gladstone, Oregon for $10.15 million. Both assets are considered value-add opportunities by the new owners.

Fountain Villa (1974) is 82-units and enjoys an exceptional Eugene location on Coburg Road within walking distance of retail centers anchored by a Market of Choice and Walgreens.

Fountain Villa was positioned as a value-add opportunity. HFO’s familiarity with investors looking to place capital in tertiary markets within the Pacific Northwest allowed us to find a strong buyer that could provide certainty of closing in a short time frame. Our expertise in the market enabled HFO to demonstrate the potential upside of the property and help navigate the process of numerous tours and due diligence during the COVID pandemic.

Tall Oaks Tall Oaks (1972 – Gladstone, OR) consists of 64 one- and two-bedroom units with an average of 844 square feet. Property amenities include a swimming pool and clubhouse. The property was in the process of a significant siding replacement project at the time of marketing. The extensive and intrusive construction and the COVID-19 pandemic led to higher vacancy and lower rent collections. HFO worked around those challenges to successfully market the asset for its upside opportunity and potential for value-add.

HFO’s Greg Frick, Tyler Johnson, and Rob Marton represented the parties.

HFO Quote

HFO is thoroughly professional.

Phil O., Oregon City, OR
True professionals with unparalleled degree of expertise in the Portland multifamily space.

Boyd W., Vancouver, WA
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
My experience with HFO was very, very positive.

Lecia K., San Francisco, CA
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
I have done 5-6 deals with HFO, and things have gone so well. I use HFO exclusively.

Greg W., Vancouver, WA
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 appreciated Adam’s responsiveness, experience, and knowledge.

Itzik S., Eugene, OR
Great experience over the years, and I will be using HFO in the future.

Joel M.
We had a wonderful experience with HFO - excellent on everything. They are very responsive. Greg did a great job.

Leonard G., Portland, OR
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
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
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
One of the best firms at seeing a deal from the owner's perspective.

Matt K., El Segundo, CA
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
Every time I had a problem Todd took care of it. The level of service at HFO is excellent.

Paul H., Lake Oswego, OR
Efficient and go-getters. Didn't wait for things to happen, they were active.

John P., Redmond, WA
HFO does a great job on the web and email keeping owners posted on the whole political scene.

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

The Portland Business Journal
HFO is the best boutique real estate brokerage in Portland.

Max S., W. Hollywood, CA
HFO is professional, knowledgeable and honest. They get it done.

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

Leslie M., Pacific Palisades, CA
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

Investment Groups Spend $23.45 Million Acquiring Apartments in Eugene and Gladstone

HFO Quote

HFO is thoroughly professional.

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

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.

My experience with HFO was very, very positive.

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.

I have done 5-6 deals with HFO, and things have gone so well. I use HFO exclusively.

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 appreciated Adam’s responsiveness, experience, and knowledge.

Great experience over the years, and I will be using HFO in the future.

We had a wonderful experience with HFO - excellent on everything. They are very responsive. Greg did a great job.

Greg is great, friendly, interesting, timely in calls and checks in regularly. Honesty is #1 and Greg has that going for him.

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

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.

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

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.

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

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

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

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.

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.

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

HFO is the best boutique real estate brokerage in Portland.

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

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.

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

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.