The Portland apartment market can be divided on a transaction basis into two categories:  sold properties that are 100 units, and sub 100 unit deals.

On the 100 units, the buyers are clearly from out of the area, primarily California:

Many of these deals are 150 units from institutionalized buyers.  Conversely, on the sub 100 unit deals it really is a Every four years ADIs are graded by the DSA for the quality of drivers education online tuition. local market:

Most of the transactions are under 100 units in Portland, so the vast majority of units fall in to this local category.