Buying, selling and operating apartments in Portland

Portland Apartment Sales – August 20

2 October 2020
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<Portland_ApartmentSales_Aug20>>>

 

Highlights:

  • Gross $ Aug 20 YTD = $855M is a 47% DECREASE from Aug 19 YTD = $1602M

  • $/unit Aug 20 YTD = $207.5K is a 12.2% INCREASE over Aug 19 YTD = $184.8K.

  • $/SqFt Aug 20 YTD = $231.72 is a 9.2% INCREASE over Aug 19 YTD = $212.13

 

 

The 2014-2019 Portland Apartment Market History is available on the WEBsite at:

 

 

https://portlandapartmentsales.com/2020/03/12/portland-apartment-market-2014-2019-annual-report/

 

 

If you need any info about apartment sales in the Portland – METRO, we have sales data over the past 15 years +.  Feel free to contact me – steve@smicre.com.

 

 

Free financial analysis of your property, eMail/call me for a SAMPLE report.  It will be helpful if you’re making decisions about futures or operations and includes I&E comparison to neighboring properties along with recent sales and rent comparables.

 

 

Steve Morris | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


Portland Apartment Sales – July 20

28 August 2020
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<portland_july20vsjuly19_aptsales>>>

 

Highlights:

  • Gross $ July 20 YTD = $806M is a 12.9% DECREASE from July 19 YTD = $925M

  • $/unit July 20 YTD = $202.5K is a 12.7% INCREASE over July 19 YTD = $180.1K.

  • $/SqFt July 20 YTD = $231.40 is a 11.9% INCREASE over July 19 YTD = $206.87

 

 

The 2014-2019 Portland Apartment Market History is available on the WEBsite at:

 

 

https://portlandapartmentsales.com/2020/03/12/portland-apartment-market-2014-2019-annual-report/

 

 

If you need any info about apartment sales in the Portland – METRO, we have sales data over the past 15 years +.  Feel free to contact me – steve@smicre.com.

 

 

Free financial analysis of your property, eMail/call me for a SAMPLE report.  It will be helpful if you’re making decisions about futures or operations and includes I&E comparison to neighboring properties along with recent sales and rent comparables.

 

 

Steve Morris | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


Portland Apartment Sales – June 20

31 July 2020
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<Portland_June20vsJune19_AptSales>>>

 

Highlights:

  • Gross $ June 20 YTD = $775M is a 3.4% DECREASE from June 19 YTD = $802M

  • $/unit June 20 YTD = $206.2K is a 15.6% INCREASE over June 19 YTD = $178.2K.

  • $/SqFt June 20 YTD = $234.48 is a 4.8% INCREASE over June 19 YTD = $207.54

 

The 2014-2019 Portland Apartment Market History is available on the WEBsite at:

 

 

https://portlandapartmentsales.com/2020/03/12/portland-apartment-market-2014-2019-annual-report/

 

If you need any info about apartment sales in the Portland – METRO, we have sales data over the past 15 years +.  Feel free to contact me – steve@smicre.com.

Free financial analysis of your property, eMail/call me for a SAMPLE report.  It will be helpful if you’re making decisions about futures or operations and includes I&E comparison to neighboring properties along with recent sales and rent comparables.

 

Steve Morris | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


Portland Apartment Sales – May 20

26 June 2020
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<Portland_May20vsMay19_AptSales>>>

 

Highlights:

  • Gross $ May 20 YTD = $593M is a 6.7% DECREASE from May 19 YTD = $635M

  • $/unit May 20 YTD = $200.7K is a 11.8% INCREASE over May 19 YTD = $179.3K.

  • $/SqFt May 20 YTD = $227.53 is a 9.6% INCREASE over May 19 YTD = $207.63

 

The 2014-2019 Portland Apartment Market History is available on the WEBsite at:

 

 

https://portlandapartmentsales.com/2020/03/12/portland-apartment-market-2014-2019-annual-report/

 

If you need any info about apartment sales in the Portland – METRO, we have sales data over the past 15 years +.  Feel free to contact me – steve@smicre.com.

Free financial analysis of your property, eMail/call me for a SAMPLE report.  It will be helpful if you’re making decisions about futures or operations and includes I&E comparison to neighboring properties along with recent sales and rent comparables.

 

Steve Morris | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


Portland Apartment Sales – Apr 20

29 May 2020
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<Portland_Apr20vsApr19_AptSales >>>

 

Highlights:

  • Gross $ Apr 20 YTD = $528M is a 26.5% INCREASE from Apr 19 YTD = $418M

  • $/unit Apr 20 YTD = $199.4K is a 14.7% INCREASE over Apr 19 YTD = $173.8K.

  • $/SqFt Apr  20 YTD = $237.44 is a 7.5% INCREASE over Apr 19 YTD = $201.85

 

The 2014-2019 Portland Apartment Market History is available on the WEBsite at:

 

 

https://portlandapartmentsales.com/2020/03/12/portland-apartment-market-2014-2019-annual-report/

 

If you need any info about apartment sales in the Portland – METRO, we have sales data over the past 15 years +.  Feel free to contact me – steve@smicre.com.

Free financial analysis of your property, eMail/call me for a SAMPLE report.  It will be helpful if you’re making decisions about futures or operations and includes I&E comparison to neighboring properties along with recent sales and rent comparables.

 

Steve Morris | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


Portland Apartment Sales – Mar 20

1 May 2020
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To download the individual sales report, right-click the link below and “Save As”:

 

<<< Portland_Mar20vsMar19_AptSales>>>

 

Highlights:

  • Gross $ Mar 20 YTD = $493M is a 40.7% INCREASE from Mar 19 YTD = $351M

  • $/unit Mar 20 YTD = $182.8K is a 1.9% INCREASE over Mar 19 YTD = $179.3K.

  • $/SqFt Mar 20 YTD = $214.19 is a 3.8% INCREASE over Mar 19 YTD = $206.44

 

The 2014-2019 Portland Apartment Market History is available on the WEBsite at:

 

 

https://portlandapartmentsales.com/2020/03/12/portland-apartment-market-2014-2019-annual-report/

 

If you need any info about apartment sales in the Portland – METRO, we have sales data over the past 15 years +.  Feel free to contact me – steve@smicre.com.

Free financial analysis of your property, eMail/call me for a SAMPLE report.  It will be helpful if you’re making decisions about futures or operations and includes I&E comparison to neighboring properties along with recent sales and rent comparables.

 

Steve Morris | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


MMHA Forms for Rent Forbearance – Oregon

10 April 2020
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Right-click to download

 

<<<MMHA_ RentForbearanceRequest_Form>>>

<<<MMHA_ RentForbearanceAgreement_Form>>>

<<<MMHA_ RentBalanceReminder_Form>>>

MMHA [Metro Multi-Family Owners Association} (if you can join, it is a great rental owner’s association http://www.multifamilynw.org), has crafted these for use with tenants who request a forbearance on rent payments.

 

You will still need to follow up and enforce them.  However, they can serve as a place to start.  Since COVID is changing how things are handled by the day, these may change, but are a start.  You use them at your own risk.

 

The forms are intended to:

  1. Establish that the tenant is legitimately requesting an extension due to COVID

  2. Establish an agreed-on amount of rents paid and still owing

  3. Provide a reminder of amounts owed for future use to the tenant.

 

 

Steve Morris – Principal Broker

SMI Commercial Real Estate, LLC

3625 River Road N Ste 250 Keizer, OR 97303

O 503.390.6060

C 503.970.4593

steve@smicre.com

www.smicre.com

OR Principal Broker License # 200202054

WA Managing Broker License # 24512

 


Portland Apartment Sales – Feb 20

26 March 2020
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<Portland_Feb20vsFeb19_AptSales>>>

Highlights:

  • Gross $ Feb20 YTD = $283M is a -10.6% DECREASE from Feb 19 YTD = $317M

  • $/unit Feb 20 YTD = $196.5K is a 5.8% INCREASE over Feb 19 YTD = $185.8K.

  • $/SqFt Feb 20 YTD = $227.80 is a 4.6% DECREASE over Feb 19 YTD = $215.90

The 2014-2019 Portland Apartment Market History is available on the WEBsite at:

 

https://portlandapartmentsales.com/2020/03/12/portland-apartment-market-2014-2019-annual-report/

 

If you need any info about apartment sales in the Portland – METRO, we have sales data over the past 15 years +.  Feel free to contact me – steve@smicre.com.

Free financial analysis of your property, eMail/call me for a SAMPLE report.  It will be helpful if you’re making decisions about futures or operations and includes I&E comparison to neighboring properties along with recent sales and rent comparables.

 

Steve Morris | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


Portland Apartment Market – 2014-2019 Annual Report

12 March 2020
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<PortlandAptHistory_2014-2019_12Mar20>>>

 

Highlights / Contents of the report include (for the 4 county METRO are) for sold apartments:

  • General Market Comments
  • New Construction Update
  • Sales by County
  • Sales by Neighborhood
  • Sales by Unit Count of project
  • Sales by Decade Built
  • Tabulation of Largest Sales by $/unit, $/SqFt. Gross $, County and 2012-2017 Largest sales.

If you’d like more information on:

– Free financial analysis of your property, eMail/call me for a SAMPLE report.  It will be very helpful if you’re making decisions about futures or operations and includes I&E comparison to neighboring properties along with recent sales and rent comparables.

– Details/background on individual sales in the report or a breakdown by neighborhood

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

 

Steve Morris | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


City of Portland F.A.I.R. Downloads – 27 Feb 20

4 March 2020
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I’m offering these for reference from a training presentation courtesy of:

 

Christian Bryant of IRC Enterprises (property management)

(503) 999-0477 / christian@iRCEnterprises.com

 

PHB hired Christian to give these presentations to the general public, so thank him.

 

To download the individual reports, right-click the link below and “Save As”.

 

These are the slides from Christian’s training:

<<<FAIR-Training_Class_26Feb20>>>

 

The following are Portland Housing Bureau (PHB) documents.  Text of the administrative rules:

<<<PHB_AdminRule_RentalHousingApplicationScreening_31Jan20>>>

 

Booklet on new application screening rules:

<<<Applications-Screen_PHB_Jan20>>>

 

Booklet on new security deposit rules:

<<<Security-Deposits_PHB_Jan20>>>

 

 

If you need any info about apartment sales in the Portland – METRO, we have sales data over the past 15 years +.  Feel free to contact me – steve@smicre.com.

Steve Morris | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


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