HFO Investment Real Estate Brokers Portland Communities

HFO Investment Real Estate has brokered the sale of two communities totaling 369 units in Portland, for a combined $91.3 million. After acquiring Carillon Apartment Homes in Woodland Hills, Calif., for $93 million earlier this year, MG Properties Group paid $60.5 million for Westview Heights, a 197-unit multifamily asset in Portland’s Rock Creek submarket. According to Yardi Matrix data, Sares-Regis Group sold the property, which was 97 percent occupied at the time of the transaction. The sale was subject to a $34.5 million load held by Freddie Mac and originated by CBRE Capital Markets.