Sold! 20 Units in Newberg, Oregon

HFO is pleased to announce the sale of the Boston Square Apartments in Newberg, Oregon.

In this case, the investor was looking to exchange up to a property closer in to the Portland core. HFO was selected on the strength of its marketing platform and commitment to help locate an exchange up-leg.

HFO priced the property aggressively – especially for a tertiary market – and was able to deliver on those pricing expectations with several offers. Two extensions were built into the closing timeline in order to give the seller more time to find a 1031 exchange, and she was ultimately able to put an exchange property under contract before the closing date.

Boston Square sold for $1.625 million.