Park Place North

The Property:

Park Place North Apartments is a well-maintained 42-unit garden community in North Portland. The asset has a mix of one-, two- and three-bedroom apartments. The majority of the apartments are two-bedroom one-baths.

Opportunities:

This asset was part of a large, multi-property portfolio sale HFO handled for a client looking to reinvest in larger assets.

Results:

HFO received 10 offers on the property from well-qualified purchasers. This enabled to Seller to achieve the highly favorable terms they needed to complete a multi-property 1031 exchange.