Buying, selling and operating apartments in Portland

Portland Apartment Sales – September 2011 | 28 October 2011

>>>> Sep10-Sep11_PortlandAptSales <<<<


Attached is a chart of Portland-area sales of apartment complexes > $450,000 in September 2011.  We’ve included $/unit, $/sqft , unit count, year built and CapRate (where reported) and a comparison to Sept 10 averages.

Overall apartment sales have shown a marked increase.  Demand by large investors for high-end properties (>100 units in A/B+ locations and build) have driven a lot of the sales.

The smaller investors are still hesitant, but are coming into the market.  The factors driving growth in sales include:

– Low interest rates (<5% for 7-/10-year balloon loans)

– Relative security of apartment income (due to low vacancy rates) compared to other types of commercial properties.

2011 shows  encouraging signs.  Total sales volume is up >100% from Sept 10 to Sep 11. 

The average price per unit has gone up.  In 2011, there have been more large (>100 unit) complex sales as a percentage of total sales.  Institutional investors have driven the price up since few large complexes are available in Portland. 

If you’d like more information on:

– Maximizing your income

– Details on individual sales

– Financial analysis of your property

– Free copy of our 80-page book – Buying, Selling and Operating Apartments

Feel free to contact me:

Steve Morris – Senior Advisor Multi-Units

Sperry Van Ness – Bluestone & Hockley    (503) 970-4593

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