Buying, selling and operating apartments in Portland

Feb 2015 – Portland Apartment Sales >$450K | 26 March 2015



Attached is a list of individual Portland-area sales of apartment complexes greater than $450,000 in February 2015.  Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to Feb 2014 averages.

Feb 15 had a huge increase in sales again.  Feb 15 had 25 sales for a $142M total vs 8 sales in Feb 14 for a $48M total.

Feb 15 had TWO large (>100 units) sales and Feb 14 had ONE large sale.

2015 returns will be driven by interest rates and operating dynamics (including vacancy rates in higher end, new construction and expenses growing faster than rents.)

If you’d like our 5 year (2009-2014) review of the Portland apartment market history, let me know and I’ll send an copy.  If you’d like last years report (2008-2013), I can send a copy also.

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  / (503) 970-4593

OR Principal Broker License 2002002054 / WA Managing Broker License 24512

Posted in Portland

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