SOLD! The Cleveland Colonial Apartments: $1,120,000

    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 seller, and there were multiple offers on the property.  The...
2015 Portland, Oregon Apartment Year In Review Part II

2015 Portland, Oregon Apartment Year In Review Part II

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 in 2013, then values followed suit in 2014 and 2015. For the past year or so, I hear continuously from...
2015 Portland Apartment Market Year in Review, Part I

2015 Portland Apartment Market Year in Review, Part I

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 2015? As you can see, apartment values in Portland, Oregon in the 5-50 unit sector jumped...