Buying, selling and operating apartments in Portland

Individual Portland Apartment Sales >$450K – February 2012 | 6 April 2012

<<<Feb12 vs Feb11 Portland-Area Apartment Sales>>>


Attached is a table of individual Portland-area sales of apartment complexes greater than $450,000 in Febuary 2012. We’ve included $/unit, $/sqft , unit count, year built and CapRate (as reported) and a comparison to February 2011 averages. 

There were 2 large transactions >200 units, both in outlying suburbs of Portland. 

The ongoing love affair with larger urban properties continues.  Is this a “hot” market?  If you own larger Class A apartments, the answer is yes and your only issue is selecting the best offer.

Sellers – You need to make sure your NOI is the best it can be if you want top dollar and demand.  We can help you:

– Find out where you stand today compared to your competition

– What to work on to increase income

Buyers – A ‘hot” market can be good or bad.  You need to understand what you are buying and have a game plan to make it profitable for you.

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

– Low vacancy rates (<4% in Portland proper)

– Low interest rates (7-/10-year money available at <5%).  Right now, the spread between CapRates and prevailing interest rates is at high point which bodes well for buyers.

If you’d like more information on:

– Analyzing your property to maximize your income to see how you can make more money or get a higher sales price, or

– Details/background on individual sales in the report, or

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

Please contact me:

Steve Morris – Senior Advisor Multi-Units
Sperry Van Ness – Bluestone & Hockley (503) 970-4593

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