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Seattle & Northwest  + Portland  + Apartments  | 
HFO Investment Real Estate arranged the sale of two suburban Portland, OR multifamily properties for $14.8 million to San Francisco-based FPA Multifamily

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.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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