2020 Institutional Sales Booklet

LARGE ASSET CLASS 2020 SALES www.hfore.com • (503) 241.5541

BETHANY WEST Portland, OR • 82 Units

ABOUT HFO

$3.59 billion

32,141+

Ranked #1

$460,000+

in total value of apartment investment transactions

in Oregon and SW Washington apartment transactions since 2010

units sold between 1999-2020

donated by HFO to local charities since 2006

Consistently awarded more multifamily listings than any other commercial real estate firm in the northwest

LARGE ASSET CLASS 2020 SALES HFO Transaction

SUNSET SUMMIT

VAN PLAZA

7400 SW Barnes Road Portland, OR

8011 NE Fourth Plain Blvd Vancouver, WA

Total Units: 261 Year Built: 1987 Avg Unit Size: 888 Sq Ft

Total Units: 97 Year Built: 1988 Avg Unit Size: 903 Sq Ft

Sale Date: December 31st Sale Price: $80,750,000

Sale Date: December 29th Sale Price: $16,200,000

$ / Unit: $309,387 $ / Sq Ft: $348 Cap Rate: 4.32%

$ / Unit: $167,010 $ / Sq Ft: $185 Cap Rate: 4.77%

INVESTMENT REAL ESTATE

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LARGE ASSET CLASS 2020 SALES

TREELINE 604

192ND WEST LOFTS

604 SE 121st Avenue Vancouver, WA

2220 SE 192nd Avenue Camas, WA

Total Units: 166 Year Built: 1987 Avg Unit Size: 902 Sq Ft

Total Units: 163 Year Built: 2021 Avg Unit Size: 770 Sq Ft

Sale Date: December 22nd Sale Price: $37,750,000

Sale Date: December 18th Sale Price: $44,500,000

$ / Unit: $227,410 $ / Sq Ft: $252 Cap Rate: 4.75%

$ / Unit: $283,374 $ / Sq Ft: $368 Cap Rate: 5.05%

INVESTMENT REAL ESTATE

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LARGE ASSET CLASS 2020 SALES HFO Transaction

KIELO AT GRASS VALLEY

WESTOVER TOWER

5988 NW 38th Avenue Camas, WA

930 NW 25th Place Portland, OR

Total Units: 276 Year Built: 2020 Avg Unit Size: 1,022 Sq Ft

Total Units: 70 Year Built: 1950 Avg Unit Size: 564 Sq Ft

Sale Date: December 11th Sale Price: $83,000,000

Sale Date: November 12th Sale Price: $18,000,000

$ / Unit: $302,174 $ / Sq Ft: $302 Cap Rate: 4.89%

$ / Unit: $257,143 $ / Sq Ft: $456 Cap Rate: 4.14%

INVESTMENT REAL ESTATE

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LARGE ASSET CLASS 2020 SALES

AVANA EVERGREEN

LATITUDE 45

12901 NE 28th Street Vancouver, WA

11202 NE 20th Street Vancouver, WA

Total Units: 336 Year Built: 1999 Avg Unit Size: 835 Sq Ft

Total Units: 90 Year Built: 2020 Avg Unit Size: 975 Sq Ft

Sale Date: November 9th Sale Price: $71,750,000

Sale Date: September 29th Sale Price: $20,500,000

$ / Unit: $213,542 $ / Sq Ft: $256 Cap Rate: 4.6%

$ / Unit: $227,778 $ / Sq Ft: $234 Cap Rate: 4.5%

INVESTMENT REAL ESTATE

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LARGE ASSET CLASS 2020 SALES

HEARTH APARTMENTS

AURA BURNSIDE APARTMENTS

16516 SE Mill Plain Boulevard Vancouver, WA

419 E Burnside Street Portland, OR

Total Units: 179 Year Built: 2019 Avg Unit Size: 957 Sq Ft

Total Units: 157 Year Built: 2018 Avg Unit Size: 669 Sq Ft

Sale Date: September 1st Sale Price: $51,000,000

Sale Date: August 4th Sale Price: $44,000,000

$ / Unit: $284,916 $ / Sq Ft: $298 Cap Rate: 4.64%

$ / Unit: $280,255 $ / Sq Ft: $412 *Mixed Use

INVESTMENT REAL ESTATE

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LARGE ASSET CLASS 2020 SALES

MENLO PARK

WESTWYND APARTMENT HOMES

859-865 NE 122nd Avenue Portland, OR

10117 NE 9th Avenue Vancouver, WA

Total Units: 92 Year Built: 1969 Avg Unit Size: 792 Sq Ft

Total Units: 120 Year Built: 1982 Avg Unit Size: 799 Sq Ft

Sale Date: June 30th Sale Price: $13,800,000

Sale Date: June 30th Sale Price: $18,335,000

$ / Unit: $150,000 $ / Sq Ft: $189 Cap Rate: 5.16%

$ / Unit: $152,792 $ / Sq Ft: $191 Cap Rate: 5.06%

INVESTMENT REAL ESTATE

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LARGE ASSET CLASS 2020 SALES HFO Transaction

GOSSAMER PORTLAND

BETHANY WEST

215 NW 10th Avenue Portland, OR

16107 NW Brugger Road Portland, OR

Total Units: 204 Year Built: 2020 Avg Unit Size: 658 Sq Ft

Total Units: 82 Year Built: 2019 Avg Unit Size: 936 Sq Ft

Sale Date: June 1st Sale Price: $92,500,000

Sale Date: March 31st Sale Price: $24,500,000

$ / Unit: $453,431 $ / Sq Ft: $649 Cap Rate: 4.71% *Mixed Use

$ / Unit: $298,780 $ / Sq Ft: $319 Cap Rate: 5.07%

INVESTMENT REAL ESTATE

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LARGE ASSET CLASS 2020 SALES

COLUMBIA RIDGE

HIDDEN VILLAGE

15910 NE Sandy Boulevard Portland, OR

4001 SW Robin Place West Linn, OR

Total Units: 144 Year Built: 1990 Avg Unit Size: 940 Sq Ft

Total Units: 98 Year Built: 1987 Avg Unit Size: 847 Sq Ft

Sale Date: March 27th Sale Price: $27,100,000

Sale Date: February 14th Sale Price: $18,755,000

$ / Unit: $188,194 $ / Sq Ft: $200 Cap Rate: 4.70%

$ / Unit: $191,378 $ / Sq Ft: $226 Cap Rate: 5.05%

INVESTMENT REAL ESTATE

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LARGE ASSET CLASS 2020 SALES

HOLLYCREST SOUTH APARTMENTS

THE CLUB

700 SW Eastman Parkway Gresham, OR

2053 NE 106th Avenue Hillsboro, OR

Total Units: 100 Year Built: 1992 Avg Unit Size: 900 Sq Ft

Total Units: 352 Year Built: 1990 Avg Unit Size: 936 Sq Ft

Sale Date: February 5th Sale Price: $16,500,000

Sale Date: January 16th Sale Price: $91,000,000

$ / Unit: $165,000 $ / Sq Ft: $183 Cap Rate: 4.32%

$ / Unit: $258,523 $ / Sq Ft: $276 Cap Rate: 4.46% * Portfolio sale

INVESTMENT REAL ESTATE

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LARGE ASSET CLASS 2020 SALES

THE TERRACES AT TANASBOURNE

BARBERRY VILLAGE

19000 NW Evergreen Parkway Hillsboro, OR

220-224 SE 188th Avenue Gresham, OR

Total Units: 373 Year Built: 1986 Avg Unit Size: 985 Sq Ft

Total Units: 180 Year Built: 1975 Avg Unit Size: 704 Sq Ft

Sale Date: January 16th Sale Price: $99,025,000

Sale Date: January 9th Sale Price: $21,500,000

$ / Unit: $265,483 $ / Sq Ft: $270 Cap Rate: 4.46% * Portfolio sale

$ / Unit: $119,444 $ / Sq Ft: $170

INVESTMENT REAL ESTATE

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LARGE ASSET CLASS 2020 SALES HFO Transaction

MEADOWS AT HERON CREEK

SILVERWOOD APARTMENTS

18599 NW Heritage Parkway Hillsboro, OR

4777 SW 11th Street Gresham, OR

Total Units: 178 Year Built: 2012 Avg Unit Size: 969 Sq Ft

Total Units: 164 Year Built: 1992 Avg Unit Size: 985 Sq Ft

Sale Date: September 25th Sale Price: $48,200,000

Sale Date: September 16th Sale Price: $30,000,000

$ / Unit: $270,787 $ / Sq Ft: $279 Cap Rate: 4.25%

$ / Unit: $182,927 $ / Sq Ft: $186 Cap Rate: 4.5%

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MORE THAN A TEAM A TEAM OF EXPERTS

Cody Hagerman (971) 717-6333 cody@hfore.com

Greg Frick (971) 717-6332 greg@hfore.com

Tyler Johnson (971) 717-6336 tyler@hfore.com

Top Talent Every member of our team has specialized expertise in the multifamily brokerage business, and we have nearly 230 years of collective industry experience to make your transaction a success.

INVESTMENT REAL ESTATE

Rob Marton (971) 717-6335 rob@hfore.com

LARGE ASSET CLASS 2020 SALES

Build your legacy

HFO Investment Real Estate 2424 SE 11th Ave • Portland, OR 97214 www.hfore.com • (503) 241.5541

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. ©2021 HFO Investment Real Estate LLC. Build your legacy is a service mark of HFO Investment Real Estate. Licensed in the states of Oregon and Washington.

INVESTMENT REAL ESTATE

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