HFO Announces Sales of Apartments in Salem, Hillsboro, Vancouver Totaling $11.5 million
Portland, OR (PRWEB) October 16, 2007 -- Hagerman Frick O'Brien (HFO), a real estate investment firm located in Portland, Ore., recently arranged the sale of the 64-Unit Evergreen Park and the 43-unit Eastland Court Apartments in Salem, Oregon; the 54-unit Hidden Village apartments in Vancouver, Washington, and the 30-unit Grant Park Apartments in Hillsboro, Oregon. Hagerman Frick O'Brien LLC handled the transactions.
The Evergreen Park Apartments, a 24-unit apartment complex in Salem, has sold for $3 million or $46,875 per unit. The buyer is M&M holdings of San Jose, CA and the seller is D. Darin Davison of Salem. Hugh Holtman of HFO Investment Real Estate represented the buyer.
Eastland Court, a 43-unit apartment complex in Salem has sold for $2.475 million or $57,558 per unit. The buyer is Tall Pine Properties II LLC of Bend and the seller is ELW Trust of Salem. Hugh Holtman of HFO Investment Real Estate represented the seller.
Hidden Village, a 54-unit apartment complex in NE Vancouver, Washington, sold to Koch Farm investments LLC for $3,900,000 or $72,222 per unit. Tim O'Brien of HFO investment Real Estate represented the seller, MK Peterson construction, Inc of Vancouver
Grant Park Apartments, a 30-unit apartment complex in Hillsboro sold to Mr. and Mrs. Gorman of Hood River for $2.15 million or $71,667 per unit. Seller was Bauer Storage, LP of Seaside. HFO brokers Cody Hagerman and Greg Frick represented the parties.
About HFO. HFO specializes in the sale of apartment properties throughout Oregon and Washington. Using cutting edge resources, HFO helps clients find dynamic investments and offers an insider's knowledge of the local market. It is HFO's mission to create wealth for its clients by providing extraordinary service, forging mutually beneficial, long-term relationships. Learn more at HFO Investment Real Estate (http://www.hfore.com).
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This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
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