Seattle & Northwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
HFO Arranges Sale of Portland Suburban Assets to FPA Multifamily
HFO Investment Real Estate arranged the sale of two suburban Portland multifamily properties, the 37-unit Ridgeview Apartments and 40-unit Dakota Station Apartments. Ridgeview in Beaverton, OR sold for $6,725,000, and Dakota Station in Tigard, OR sold for $8,025,000.
Cody Hagerman, Greg Frick and Rob Marton, partners with HFO, brokered the sale from a private local investor to San Francisco-based FPA Multifamily, LLC.
“These properties represent a smart investment opportunity for the new owner,” said Marton. “With the current state of the market, it’s more important than ever to make informed decisions, and these sales are a testament to the value of having a trusted advisor with extensive knowledge of the local market.”
Built in 1970, Ridgeview Apartments presents a value-add opportunity to new ownership. Dakota Station was built in 1988 and features two-bedroom, two-bathroom units spread among five two-story buildings.
Pictured: Dakota Station.


