Saturday, August 30, 2014

HFF closes sale of Class A multi-housing community in Hillsboro, OR

Ira Virden
PORTLAND, OR – HFF announced it has closed the sale of Seneca Village Apartments, a Class A, 264-unit multi-housing community in Hillsboro, Oregon.

                HFF marketed the property on behalf of an institutional client of Invesco Real Estate.  Greystar Real Estate Partners purchased the community for an undisclosed amount.

                Seneca Village Apartments consists of 12 apartment buildings containing 156 one-bedroom units, 100 two-bedroom units and 8 three-bedroom units. 

Community amenities include a swimming pool and hot tub, barbecue area, clubhouse, business center, covered parking and detached garages. 

  The property is situated on 11.8 acres at 6710 NE Vinings Way, which is considered to be the “Silicon Forest,” named for its proximity to tech companies Intel, Sales Force, TriQuint, Geetch and Oracle.

Kerry Hughes

 The property is 14.7 miles west of downtown Portland and within a five-mile walk to two neighborhood shopping centers. 

 It is a half mile away from the Orenco/NW 231st Avenue MAX Light Rail Station that connects to downtown Portland and the Portland International Airport.

                The HFF investment sales team was led by director Ira Virden and associate director Kerry Hughes.

“The ability to buy late 1990’s construction with nine-foot ceilings, and close proximity to high-paying tech jobs is extremely rare in Portland,” Virden said. 

 “Seneca Village will benefit from the new construction in Orenco Station, and by implementing a value-add business plan, it will continue to be an extremely strong performer.”

Additional information is available at
To learn more about Greystar, visit

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 |

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