Sold! 31 Units in SE Portland, Oregon

July 19, 2021

Shady Glen is a low-density, garden-style apartment property located in southeast Portland near the Powell Boulevard transit corridor. The property features both one- and two-story floorplans, a portion of which are one-story duplex buildings. The property had minimal updates including some windows and roof replacement. The property offers off-street parking, storage, and common-area laundry.

Shady Glen was a family-owned property, built by the family that manages it, and has never been on the market. The sellers were looking to exit this multifamily property. The property was owner-managed that resulted in a high number of long-term tenants with in-place rents significantly trailing the market. Shady Glen had a considerable upside in rents, other income (RUBs), and management. HFO positioned the property as a value-add opportunity with a close-in Portland location. Through our extensive network of Investors, we were able to find a purchaser who had the ability to fund and close escrow even with the challenges of the low rents and limited historical operations.

See all our current listings at https://www.hfore.com.

HFO Quote

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

Leslie M., Pacific Palisades, 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
My experience with HFO was very, very positive.

Lecia K., San Francisco, CA
HFO does a great job on the web and email keeping owners posted on the whole political scene.

Richard R., Palm Desert, CA
We had a wonderful experience with HFO - excellent on everything. They are very responsive. Greg did a great job.

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

Greg W., Vancouver, WA
Great experience over the years, and I will be using HFO in the future.

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

Michael K., San Francisco, CA
HFO is the best boutique real estate brokerage in Portland.

Max S., W. Hollywood, 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
One of the best firms at seeing a deal from the owner's perspective.

Matt K., El Segundo, CA
HFO is thoroughly professional.

Phil O., Oregon City, OR
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
Every time I had a problem Todd took care of it. The level of service at HFO is excellent.

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

John P., Redmond, WA
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
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
I appreciated Adam’s responsiveness, experience, and knowledge.

Itzik S., Eugene, 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

Sold! 31 Units in SE Portland, Oregon

HFO Quote

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.

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 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.

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.

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

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.

My experience with HFO was very, very positive.

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

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

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.

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

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

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

HFO is the best boutique real estate brokerage in Portland.

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.

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

HFO is thoroughly professional.

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.

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

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.

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

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

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

I appreciated Adam’s responsiveness, experience, and knowledge.

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