Wed, 08/06/2014 - 23:38 — HFF
PORTLAND, OR - August 6, 2014 – HFF announced today that it has closed the sale of Emerald Park Apartments, a 44-unit multi-housing community in the Centennial neighborhood of East Portland, Oregon.
HFF marketed the property on behalf of the seller, a private investor. A private, California-based company purchased the asset for $2.925 million free and clear of existing debt.
Emerald Park Apartments is located at 646-664 SE 148th Avenue near the Glendoveer Golf Course between Route 26 and Interstate 84 about eight miles from downtown Portland. The property consists of 10 buildings with one-, two- and three-bedroom units averaging 751 square feet each. Community amenities include a barbeque area and laundry facilities.
The HFF investment sales team representing both the seller and the buyer was led by associate directors Tyler Linn and Nick Klein.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter at twitter.com/hff.