In an open letter to Metro Family NW members, Executive Director Deborah Imse wrote about a potential last minute extension to the Oregon eviction moratorium. This is contrary to the…
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The Rental Housing Journal published their monthly update on national multi-family housing news, titled: “Pandemic Pricing is Over, As Rents Rise Rapidly In Most Areas” The subheadlines in the…
www.apartmentlist.com reports that Portland rents have increased for the third straight month, also published in the Rental Housing Journal: Portland rents rose again in September and continued the upward trend…
SOLD: The 1964 year built, five unit apartment building located at 1000 W. 23rd Street, Vancouver, Washington, sold for $800,000 in September, 2019. PROPERTY FEATURES: -Hardwood floors -Off street parking…
FOR SALE: The Colonial Heights Apartments is a 19 unit apartment complex located at 890 NW Division Street in Gresham, Oregon, for $3,600,000. The apartments are a fantastic location for…
FOR SALE, The Dorchester House Apartments, Lincoln City, Oregon: $4,400,000. The Dorchester House Apartments is a one of a kind investment opportunity, a turnkey apartment building perfectly located in the…
*SPECIAL EDITION APARTMENT INVESTOR SERIES* OREGON RENT CONTROL: HOW TO NAVIGATE BUYING, SELLING, AND OPERATING APARTMENTS WITH NEW RENT CONTROL LAWS Oregon became the first state in the country to…
This video is a quick snapshot of the Portland, Oregon apartment market in 2018 with the largest sale of the year and the transaction statistics, the market was busy!
RESIDENTIAL PRICES ARE ADJUSTING IN PORTLAND, OREGON Even though I focus on multifamily brokerage, I subscribe to the RMLS advertisement feed for brokers marketing residential properties in Oregon. Sometimes, (but…
The Rental Housing Alliance of Oregon is a resource for Oregon Landlords, and their website states: “RHA Oregon Advocacy- Supporting Oregon Landlords Since 1927” Also: “RHA Oregon has been the…
Deborah Imse, Executive Director at Metrofamily NW (MFNW) in Portland, issued this note calling for a “Thank you” to the Portland City Council for delaying the rental screening vote. Here…
https://www.youtube.com/watch?v=XUGK3PzBYUg
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Investors in the market are very curious to see the ramifications of rent control in Oregon, and buyers are appearing at this point to not be dissuaded from pursuing multi-family…
As reported in the Statesman Journal, the first legislative session occurred on Monday, February 4, 2019. If you are a property owner and/or landlord, and are wondering about the tone…
Government Affairs Alert from Metrofamily NW Regarding Proposed Senate Bill On Rent Control (SB 608)
Here is the latest alert from Deborah Imse, President of Metrofamily NW regarding government activity on rent control: Dear Multifamily NW Members & Interested Parties,Today the Oregon Legislature opens for…
The #1 Real Estate Secret, Part II WHY ARE YOU REALLY BUYING REAL ESTATE? Many Super Successful investors have specific criteria regarding (at least) three major criteria when buying:…
“KNOW THYSELF” These are the words inscribed above the greek temple of Apollo at Delphi and is a maxim attributed to the greeks and even the ancient Egyptians, who…
As a former sport psychology consultant, I focused on assisting athletes in maximizing their potential on the athletic field. The athletes I worked with wanted help performing better during…
SOLD: 1901-1909 N. Killingsworth Street, Portland, Oregon The mixed use retail that contains two businesses and an apartment sold for $875,000. PROPERTY INFORMATION: 1909 Year built Zoned: CS “Storefront…
We recently sold the vintage four-plex in an outstanding Alberta Arts location for $880,000. The property was METICULOUSLY maintained by caring owners, and had many positive features, including: -Hardwood floors…
Here is a quick one minute video on an example of a seller selling a property and reinvesting the proceeds into the same amount of units but a higher quality…
Portland, Oregon: Sold! 8 Units on N. Portsmouth This vintage eight unit sold for $820,000 and features studios and one bedroom units. The property is located just north of…
In this video, “12 Reasons Why Sellers Are Selling in 2017/18, Part II” I discuss what I am seeing on more reasons why sellers sold their apartment buildings in Oregon…
There are always reasons why sellers of commercial real estate properties sell. In the past, a large part of the sellers sold for the simple reason: they were completing…
The stellar landlord advocacy group, Metrofamily NW, just released this notice regarding the voting of the Portland City Council on making the relocation assistance fee permanent. I am planning on…
For Sale in Portland, Oregon: Beautiful vintage sixteen unit on the corner of NE Alberta Street and NE Cleveland Avenue in northeast Portland just off the Alberta Street exit on…
Located on a quiet street South of SE Stark in Gresham, this 7 unit property features large two and three bedroom, one and one half bath units with ample…
RARE ALBERTA ARTS investment opportunity! This unique and beautifully maintained Alberta Arts four-plex, located on the corner of NE Alberta and NE 10th Avenue, features four immaculate one bedroom and…
FOR SALE: 6 Multi-family units built in 2015 is listed for $1,200,000. Property Summary Beautiful 2015 year built just North of the W. Lombard exit off the I-5 freeway. 6.20%…
ESTACADA, Oregon: We are pleased to announce the sale of the 24 unit apartment property in Estacada, Oregon. The property sold for $2,550,000. The property is a well-built, 1996 construction…
PORTLAND, Oregon: Eight units sold in the Sellwood neighborhood for a WHOPPING $2,150,000! If you ever wondered if Portland is an overheated market, wonder no more because this sale is…
VANCOUVER, Washington: Joseph Bernard Investment Real Estate recently sold the Bryant Village Apartments, 22 units located east of I5 in the central area of Vancouver, Washington. The multifamily property featured…
PORTLAND, Oregon: Recently this summer, we sold 75 units for Multnomah University, the property consisted of two buildings: a fifty two unit and twenty three unit apartments. The sale price…
PORTLAND, Oregon: Recently sold for $1,250,000, this twelve unit multifamily building located on SE 119th and SE Powell featured twelve townhouse units with one and a half baths. The property…
According to Multifamily NW, the controversial rent control legislation passed the house a few weeks ago and will be scheduled for a committee hearing on the Senate side soon. Contact…
Bernard Gehret of Joseph Bernard Investment Real Estate discusses the Salem, Oregon Apartment Market. Values dramatically increased, with more out of town investors than ever. For more information on…
Bernard Gehret of Joseph Bernard Investment Real Estate discusses the 2016 Portland apartment market, this video highlights trends in the Portland apartment market. He highlights tips for buyers, sellers and…
Bernard Gehret of Joseph Bernard Investment Real Estate discusses the 2016 Portland apartment market, this video highlights trends in the Portland apartment market. He highlights tips for buyers, sellers and…
Bernard Gehret of Joseph Bernard Investment Real Estate speaks about the 2016 Apartment sales market for Portland, Oregon. He discusses cap rates, price per unit, price per square feet and…
Here is a quick summary of the Portland, Oregon apartment market including the largest and smallest sales of the year. For more information, call Bernard at 503-546-9390.
It is always fun to see the largest deal of the year, here it is! I’m hearing rumors it is starting to take on the nickname “The Death Star” due…
SALES STRONG IN 2016 In my 2016 Portland Apartment Market Year in Review, I discussed the sales transactions for the year. As you can see in the chart above, sales…
MULTI-FAMILY FOR SALE IN PORTLAND: The Goodrick-Spencer Apartments is listed for sale at $3,500,000, and is a great “value add” opportunity without having to complete major repairs or renovations….
The 52 unit Scruggs Townhomes represents a great opportunity to create a “value add” deal at a 7%+ cap rate without having to complete deferred maintenance. FOR SALE; The Scruggs…
A big question on many apartment investors’ minds for 2017: is Portland overbuilt for apartments? Based on a quick look, it appears the answer is “NO”. According to the…
Here is the information on my upcoming seminar, the “2016 Portland/Salem Apartment Market Year in Review” Your host… Bernard Gehret… Bernard Gehret is a commercial, multi-family, real estate broker who…
Part III: I just recently concluded the Joseph Bernard Investment Real Estate’s “Apartment Investor Series” annual buyer’s seminar: “Finding a Deal in an Over-heated Market”, which focused on what…
Multifamily NW, the “Association Promoting Quality Rental Housing”, has created a defense fund drive to cover legal costs and an extensive public relations campaign to fight the “misinformation and housing…
Part II: I just recently concluded the Joseph Bernard Investment Real Estate’s “Apartment Investor Series” annual buyer’s seminar: “Finding a Deal in an Over-heated Market”, which focused on what successful…
SOLD! 26 Multifamily units, Silverton, Oregon: $1,800,000. The 26 units consisted of three separate, and adjacent properties: The Laurelwood, The Milford, and The Hillview Apartments. Overall, the property…
The “L Rancho” Apartments sold in October for $1,900,000, the property consisted of 37 units. The property is well operated, featuring metal roofing, parking, and charming, unique living spaces….
NEW LISTING: 8 Units, Close-In Portland, Oregon: $2,300,000. Turnkey, well operated property in a fantastic Sellwood/W.Moreland location. Fully remodeled, condo level finishes, two bedroom, one and a half…
I just recently concluded the Joseph Bernard Investment Real Estate’s “Apartment Investor Series” annual buyer’s seminar: “Finding a Deal in an Over-heated Market”, which focused on what successful investors are…
SOLD! 18 units sold in North Portland, the property will be upgraded post closing and the new buyer will be dramatically increasing the quality of living space for the…
Gresham, Oregon: SOLD! 10 units, $1,120,000. The Cleveland Colonial Apartments were built in 1969, and have only had two owners since until the recent sale. Bernard Gehret represented…
The Powell Terrace Apartments sold for $3,300,000. Like many properties we have seen listed in 2016, there were multiple offers (three) at full price. The 2003 built property was well…
SOLD! 6 units located at SE 119th and SE Stark. Originally built as condos, the units feature two bedrooms, two and a half baths with garages. Property Summary: Price: $960,000…
“The Top 7 Tips for Selling Apartments in an Overheated Market” The Portland apartment market is going CRAZY! I will be presenting the Annual Seminar for Apartment Sellers next…
Apartments seem to be selling for $100,000 per unit in the Portland metro for the past six months, and this 19 unit is no exception. The sellers kept great care…
As we viewed in Part I, the values are up dramatically in Portland for apartments over the past twenty four months. That is no surprise, as rents started going up…
The Portland apartment market was WHITE HOT in 2015 in just about all areas- rents and values dramatically increased. On the transaction side, just how much did values jump in…
SOLD! The Courtyard At Park Place, a 13 unit apartment building located at 2755 NE Hogan Drive in Gresham, Oregon sold for $1,300,000. The property consisted of a studio,…
SOLD! March, 2016, the Brentwood Apartments sold for $1,032,500. The property features two bedroom town-homes tucked back in a quiet residential neighborhood. Washer and dryer hookups are in…
February, 2016: The Rancho Real, a 16 unit, one bedroom complex was sold by Bernard Gehret of Joseph Bernard Investment Real Estate for $1,060,000. Sale Data Summary: Price:…
September, 2015: The nine unit “value add” deal sold for $887,500, located at 2150 NE 80th Avenue in Portland, Oregon. The single story buildings were located on two tax…
August 31, 2015: The Lyndurst Apartments sold for $1,500,000, and consisted of 16 units. The sellers recently renovated the units, upgrading the kitchens, bathrooms and flooring. Andrew Holowetzki of Joseph…
Sold! The 20 unit complex in Salem, Oregon sold for $1,090,000. The complex sold in August, 2015 and features off-street parking, laundry facility tucked off the street for a nice…
This 16 unit property consists of large, one bedroom units with off-street parking and a laundry facility onsite. The property is operated well by Princeton Property Management, and has…
Buying AND Selling Apartments in a Red Hot Market! Wednesday, September 23, 12 pm, call 503-546-9390 to sign up! The next Apartment Investor Series, presented by Bernard…
FOR SALE: 8 units at 2998 NE 18th Court, Gresham, Oregon for $705,000. The property features newer siding, roof, off-street parking on a quiet, residential street near the Mt. Hood…
FOR SALE: 16 units, $1,125,000 at 290 SE 2nd Avenue, Canby, Oregon. Best cash flow deal on the market? At a 7%+ cap rate, it just might be! The property…
The apartments located at Church Street, sold for $280,000 in Salem, Oregon. I love the 1950’s “Hollywood” feel to these little bungalows, they look super cool!
On Sunday mornings, my wife and I often take a walk to Ken’s Artisan Bakery, pickup a beautiful pastry (my wife says the croissants are the best in town) then…
July, 2015: I recently closed the 8 unit property for $865,000. The property consisted of a mix of large two and three bedroom units located on a quiet cul-de-sac in…
The Meadows Apartments, located at 3129 NE 13th Street in Gresham, Oregon, recently sold…
The Parke Place Apartments, located on 57 NE Alberta Street, underwent a “facelift” a few years ago and the new look includes repaired siding, new paint, and newly installed…
Every Real Estate “How To” book has a tone that pervades the entire book. In Matthew Martinez’s “Investing in Apartment Buildings” the tone seems to be “only buy buildings…
SOLD! Four units were sold as part of a multi-property package in Cornelius, Oregon for $316,500. The buyer was represented by Josie Fritz of John L Scott, and the…
Recently a client asked me to assist him and his wife plan his exit strategy on their apartment building in Portland. He explained they have two different goals: he wants…
The Orchard Park Apartments, managed by Encompass Property Management, is a 50 unit complex located in Keizer, Oregon. The property features ten buildings that are spaced out on a…
We are pleased to announce the sale of the 50 unit complex in Keizer, Oregon the Orchard Court Apartments. The property consisted of ten buildings located on a quiet cul-de-sac…
Recently we brokered the sale of the Alpine Village Apartments in Sandy, Oregon. The new owner has an “Eco-Village” vision for the property, and has started the process by installing…
2014 Multifamily First Half Market Review 2014 is WHITE HOT for the apartment investor- rents continue to rise and values show a strong trend upward and the recession…
SOLD! A seven unit building located south of Powell Boulevard and SE 136th avenue for $536,250. The seven unit property was operated well by the seller who took great care…
Sold! A smaller deal this time, four units in Beaverton at 12125 SW 14th Street for $340,000. While we typically deal with larger units in the 10-100+ range, it is…
From CoStar.com Press Release: Trymax Apartments LLC Purchases 42-unit Apartment Complex Individual Owners Sell Apartments for $3 Million The 42-unit multi-family complex located at 16425 E Burnside Street in Portland…
The “Street Appeal Series” focuses on the exterior views of apartments that I like where the owner and/or manager is doing something special to their multi-family property. Often, there is…
