HFO Investment Real Estate, a leading Pacific Northwest multifamily real estate brokerage firm, successfully coordinated the sale of two prime multifamily properties for $19.825 million in Lake Oswego, Oregon. The 30-unit Laurelwood Apartments and the 55-unit Lake Fir Apartments are located in the desirable suburb just outside Portland.
The transaction was handled by HFO broker Greg Frick who facilitated the sale from a family partnership to San Francisco-based FPA Multifamily LLC. The long-time owners involved with estate planning collaborated with HFO to address title and entity related challenges due to their extended ownership period.
HFO identified financially capable buyers willing to navigate below market rents, challenging net operating income and accommodate seller’s extended timeframes while also addressing their estate planning needs resulting in successful completion of this significant transaction .
“This sale underscores strong demand for multifamily assets in Oregon’s suburban areas,” said Greg Frick founding partner of HFO “and we are proud have played an important role.”
