HFF closes $2.925 million sale of Emerald Park Apartments in East Portland, OR

 

Emerald Park Apartments, East Portand, OR

PORTLAND, OR – HFF announced 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.

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com