CAMAS, Wash. (March 21, 2023) — HFO Investment Real Estate (HFO), a leading real estate brokerage firm in the Pacific Northwest, is pleased to announce the sale of Westridge Lofts, a 100-unit multifamily property located at 2221 and 2311 SE 192nd Avenue, Camas, WA 98607, for $31 million ($310,000 per unit).
HFO successfully brokered the sale from Romano Capital, an Oregon investment firm, to a private local investor.
Built in 2021, Westridge Lofts is a brand-new luxury community that offers residents modern and spacious studio, one, and two-bedroom apartment homes. The property boasts a variety of amenities, including a fitness center, business center, dog park, resident storage, and electric vehicle charging stations. Units are well-appointed with washers and dryers, Whirlpool appliances, and other top-of-the-line finishes.
“This is an excellent investment opportunity for the new owner, and we are confident that they will see a great return on their investment in the years to come,” said HFO broker Jack Stephens.
The property is conveniently located in Camas, a thriving suburb of Portland, Oregon, and offers residents easy access to major highways, public transportation, and a variety of shopping, dining, and entertainment options.
About HFO Investment Real Estate
HFO Investment Real Estate is a leading real estate brokerage firm in the Pacific Northwest specializing in the sale of multifamily properties. With over 40 years of experience, HFO has a proven track record of delivering successful transactions and exceptional service to clients, and the company is consistently recognized by CoStar as a top broker in the region.