HFO Brokers Announce Multifamily Apartment Sales Totaling $7 Million in NE, SE Portland

PORTLAND, Ore., Jan. 6 /PRNewswire/ -- HFO Investment Real Estate, a Northwest real estate investment firm with headquarters inPortland, Ore., has arranged the sale of the 90-unit Stonehenge Apartments inSE Portland for $4.4 million or approximately $48,889 per unit. The multifamily property occupies over 2.5 acres and features a clubhouse, basketball court and pool. The buyer was CIC Stonecreek LLC and the seller was Stonehenge/Milestone LLC. HFO Investment Real Estate brokers represented the parties.

The 39-unit Elaine Station Apartments located inNE Portland have sold for $2.6 million or $66,667 per unit. This 2008 construction is a mixed use retail/residential development located near MAX light rail. The buyer was RDC Acquisitions LLC ofIrvine, California and the seller was Bay Bank of Vancouver, Washington. HFO Investment Real Estate brokers represented the parties.

About HFO.

HFO is specializes in the brokerage and sale of multifamily apartment properties throughoutOregon andWashington. Using cutting edge resources, the brokers at HFO help clients find dynamic investments and offers an insider's knowledge of the local market. It is HFO's mission to create wealth for its clients by providing extraordinary service. Learn more at http://www.hfore.com.

SOURCE HFO

Tags: ,RLT,OR-HFO-Brokers-Apts

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HFO Brokers Announce Multifamily Apartment Sales Totaling $7 Million in NE, SE Portland