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Apartment Sale Prices Continue To Soar As Vancouver Sellers Get In On The Act
With Portland's multifamily market just about as hot as they come, some of the region's submarkets are heating up as well.
One example: Vancouver, where a 198-unit apartment community just sold for $35.2 million, racking up one of the highest per-square-foot price tags in the past 12 months.
Portland's HFO Investment Real Estate brokered the sale of the Meadows at Cascade Park apartments, a 198-unit garden court community at 13314 S.E. 19th St. in Vancouver. The sale price penciled out to $178,030 per unit or $177 per square foot. According to HFO, that price is among the three highest per-square-foot prices in Vancouver in the past 12 months.
The seller was a Canadian investment firm with several properties in the metro region. The buyer was a California-based firm looking to enter the market.
For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....
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