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%
INVESTMENT REAL ESTATE
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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.
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