Buying, selling and operating apartments in Portland

Portland Apartment Sales >$450K in May 2015 | 26 June 2015



Attached is a list of individual Portland-area sales of apartment complexes greater than $450,000 in May 2015.

Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to May 2014 averages.

May 15 had a huge increase in sales over May 14.  May 15 had 20 sales for a $60M total vs 12 sales in May 14 for a $15.6M total.  YTD shows about a 86% increase over 2014 YTD sales in terms of dollar volume.

May 15 had ONE large (>100 units) sales and May 14 had ZERO large sales.

Total apt sales in 2014 were $1.5B.  2015 is forecast, as of today, at about $1.55B.  2014 had the majority of sales from June thru EOY.

Be aware of the current value of your apartment with unsolicited offers.  We offer valuations that include expense analysis with rent and sales comparables to back up any pricing.

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

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