Buying, selling and operating apartments in Portland

Individual Portland Apartment Sales >$450K – June 2014 | 24 July 2014

<<<June14vsJune13_PortlandArea_AptSales>>>

RIGHT-CLICK ABOVE LINK (and SAVE LINK AS) TO DOWNLOAD THE DETAILED REPORT

Attached is a list of individual Portland-area sales of apartment complexes greater than $450,000 in June 2014.  Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to June 2013 averages.

June 2014 (vs. June 2013) show pretty much the same pattern and metrics.    June 13 had NO large (>100 units) sale and June 14 had TWO large sales.  The large sales in June 2014 did skew averages up since we use weighed averages for $/unit and $/SqFt.

We’ve set a new record with ONE property selling for >$100M in the Central Portland area with 231 units.

 

We will be posting in the very near future:

– 2014 YTD numbers thru June 2014 and projections

– A XLS with new apartment construction from 2013 thru estimated 2016 with addresses

As always, if you’d like earlier copies, let me know.

 

If you’d like more information on:

– Details/background on individual sales in the report or

– A 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
steve.morris@svn.com  / (503) 970-4593

OR Principal Broker License 2002002054 / WA Managing Broker License 24512

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