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Seattle Investment Group Buys Vancouver Apartments for $11.46 Million

January 4, 2021

HFO Investment Real Estate (HFO) has sold the 52-unit Van Mall North Apartments in Vancouver, Washington to the Seattle Investment firm Core Properties West for $11.46 million.

Seattle Investment Group Buys Vancouver Apartments for $11.46 MillionHFO utilized its exclusive database of multifamily investors to locate a buyer who had not previously invested in the Portland / Vancouver metro area.

“Investor demand for Vancouver apartments remains very high, especially considering the impacts of the ongoing Pandemic on tenants,” said HFO partner Tyler Johnson. Van Mall North was brought to market in June, just as the Pandemic was underway and Governor Inslee’s ban on evictions was put in place.

Van Mall North (1996) consists of 52 one-, two- and 3-bedroom units with an average of 1,200 square feet. More than seventy-five percent of the apartments have been updated.

HFO’s Tyler Johnson, Rob Marton, and Greg Frick represented the parties, including the seller, Guardian Real Estate Services of Portland.

HFO Quote