HFO Investment Real Estate recently arranged the sale of two suburban Portland multifamily properties: 37-unit Ridgeview Apartments in Beaverton, OR and 40-unit Dakota Station Apartments in Tigard, OR. The former sold for $6,725,000 while the latter sold for $8,025,000 to San Francisco-based FPA Multifamily LLC. Partners Cody Hagerman , Greg Frick , and Rob Marton brokered the transaction from a private local investor.
“These properties represent a smart investment opportunity for their new owner,” said Marton. “Given today’s market conditions it is especially important to make informed decisions – these sales are indicative of how valuable it can be to have an experienced advisor with comprehensive knowledge of the local market.”
Built in 1970 and 1988 respectively; Ridgeview presents a value add opportunity while Dakota Station features two bedroom/two bathroom units spread across five two story buildings . Pictured: Dakota Station .
