Oregon Landlords and Applicants using Section 8 Vouchers

<<<Tenants using Section 8 Vouchers>>>

RIGHT-CLICK ABOVE LINK (and SAVE LINK AS) TO DOWNLOAD THE OREGONIAN ARTICLE

Effective 1 July 2014, Landlords who may have applicants that will be using Section 8 vouchers for partial or full payment of rent will need to be aware of changes in Oregon law.

A landlord may not advertise they will not accept tenants using Section 8 vouchers for part or full rent payments.  A landlord may not use for screening or approval that tenants will use Section 8 vouchers for part or full rent payments.  In sum, solely relying on whether a tenant uses Section 8 vouchers for rent payment to decide acceptance is not allowed.

We’ve attached an article from the 1 Jul 2014 Oregonian that goes over some background on the new law.

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

Individual Portland Apartment Sales >$450K – June 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

Individual Portland Apartment Sales >$450K – May 2014

<<<Portland May 2014 Apt Sales>>>

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 May 2014.  Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to May 2013 averages.

May 2014 (vs. May 2013) show pretty much the same pattern and metrics.    May 13 had ONE large (352 units in  Portland – Central) sale and May 14 had NO large sales.  The large sale in May 2013 did skew averages up.

$/unit is higher due to larger complexes skewing weighed averages.  In addition, average const date for May 14 sales is 1968 (vs. 1992 for May 13.)  Projected total sales for 2014 look to be short ($975M) to the $1.17B tracked in all of 2013.  The major issue now is the availability of listings, especially in the downtown core and Beaverton-Hillsboro that are reasonably priced.

If you’d like details on any of these sales, please contact me by phone/eMail.

We’ve written an article for NREI on “Macro Trends Drive Micro Apartments” and it is available for download at:

 https://portlandapartmentsales.com/2014/04/11/nrei-article-macro-trends-drive-micro-apartments/

It goes over design issues on construction of smaller apartments and where to expect demand from tenants.  There is a growing section of renters looking for space like this and it does cut across demographics.

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

Individual Portland Apartment Sales >$450K – April 2014

<<<Portland Multi-Unit Apr14vsApr13 Sales>>>

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 April 2014.  Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to March 2013 averages.

April 2014 (vs. April 2013) show pretty much the same pattern and metrics.    April 13 had TWO large (216 units in Beaverton and 266 units in Portland – SubEast) sales and April 14 had THREE large sales.

$/unit is higher due to larger complexes skewing weighed averages.  In addition, average const date for Apr 14 sales is 1990 (vs. 1972 for Apr 13.)  Projected total sales for 2014 look to be close to the $1.1B tracked in all of 2013.  The major issue now is the availability of listings, especially in the downtown core and Beaverton-Hillsboro that are reasonably priced.

If you’d like details on any of these sales, please contact me by phone/eMail.

We’ve written an article for NREI on “Macro Trends Drive Micro Apartments” and it is available for download at:

 https://portlandapartmentsales.com/2014/04/11/nrei-article-macro-trends-drive-micro-apartments/

It goes over design issues on construction of smaller apartments and where to expect demand from tenants.  There is a growing section of renters looking for space like this and it does cut across demographics.

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

Individual Portland Apartment Sales >$450K – March 2014

<<<Portland Apartment Sales – March 2014>>>

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 March 2014.  Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to March 2013 averages.

March 2014 (vs. March 2013) show pretty much the same pattern and metrics.    March 13 had TWO large (216 units in Beaverton and 266 units in Portland – SubEast) sales and Feb 14 had ONE large sale.

In general, the market is mirroring performance of last year.  Projected total sales for 2014 look to be close to the $1.1B tracked in all of 2013.  The major issue now is the availability of listings, especially in the downtown core and Beaverton-Hillsboro that are reasonably priced.

We’ve written an article for NREI on “Macro Trends Drive Micro Apartments” and it is available for download at:

 https://portlandapartmentsales.com/2014/04/11/nrei-article-macro-trends-drive-micro-apartments/

It goes over design issues on construction of smaller apartments and where to expect demand from tenants.  There is a growing section of renters looking for space like this and it does cut across demographics.

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

Individual Portland Apartment Sales >$450K – February 2014

<<<Feb14vsFeb13_PortlandAptSales>>>

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 Feb 2014.  Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to Feb 2013 averages.

Feb 2014 (vs. Feb 2013) show pretty much the same pattern and metrics.    Feb 13 had no large (>100 unit) sales and Feb 14 had one large sale which skews indicators like $/unit higher.

We’ve posted a five-year (2008-2013) history of the Portland apartment for download at:

https://portlandapartmentsales.com/2014/02/21/portland-apartment-market-4-county-area-sales-history-2007-2012/

It includes

2008 – 2013 Portland Apartment Market History w/ Comments

2013 Portland Operating Dynamics Trends

2008 – 2013 Sales by County

2008 – 2013 Sales by Neighborhood

2008 – 2013 Sales by Complex Size

2008 – 2013 Sales by Decade Built

2008-2013 Summary by County and Totals

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

Individual Portland Apartment Sales >$450K – January 2014

<<<Jan14 vs Jan13 Portland Apt Sales _ $450K>>>

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 Jan 2014.  Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to Jan 2013 averages.

Jan 2014 (vs. Jan 2013) shows pretty much the same pattern and metrics for Jan 2013.    The most difficult item for buyers is still finding the right property at the right price.

We’ve posted a five-year (2008-2013) history of the Portland apartment for download at:

https://portlandapartmentsales.com/2014/02/21/portland-apartment-market-4-county-area-sales-history-2007-2012/

It includes

2008 – 2013 Portland Apartment Market History w/ Comments

2013 Portland Operating Dynamics Trends

2008 – 2013 Sales by County

2008 – 2013 Sales by Neighborhood

2008 – 2013 Sales by Complex Size

2008 – 2013 Sales by Decade Built

2008-2013 Summary by County and Totals

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

Individual Portland Apartment Sales >$450K – December 2013

<<<Dec13 vs Dec12 Sales>>>

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 Dec 2013.  Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to Dec 2012 averages.

Dec 2013 (vs. Dec 12) shows a burst of transactions targeted at end of year. However, in terms of gross dollar sales, we project 2013 to be the second highest year ever (2011 is the record so far) in the four county area.

We’ll be posting a five-year (2008-2013) history in a couple of weeks, so watch your eMail or this WEBsite.

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