HFO Investment Real Estate (HFO) has sold the 164-unit Silverwood Apartments in Gresham, Oregon, for $30 million.
The asset was acquired by Gelt, Inc., a Los Angeles-based real estate investment and asset management firm. The 164-unit property is located at 4777 SW 11th St, in Gresham.
“This property represents a rare one-hundred percent value-add opportunity in the highly desirable Gresham market,” said HFO partner Tyler Johnson.
News of the sale was reported in Connect Media, Yieldpro, Multifamily Press, GlobeSt.com, and RENTTV, among others.