Portland apartment building investment market grows stronger.

Joe Chaplik at Joseph Bernard Investment Real Estate sent me a summary of apartment building investment transactions for Q3 in the Portland area and surrounding counties:

  • Transactions in Q3: 39, including 27 in Multnomah County (Portland is the County seat)
  • Transactions YTD: 114, averaging 38 per quarter.
  • Total transaction volume Q3: $164,115,807
  • Total units in Q3 transactions: 1,385
  • Average price per unit Q3 in Multnomah Co: $100,794; up 49% from year ago.
  • Q3 average cap rate: 6.32, up from 6.24 last quarter.
  • 80% of the transactions in Q3 were properties with less than 50 units.
  • See the whole report here.
Portland apartment builidng investment market grows
Admiral Apartments, 37 units, 910 SW Park Ave, Portland, OR

With cap rates 100 basis points higher than Continue reading Portland apartment building investment market grows stronger.