Sellwood Residential Block Prime Redevelopment Opportunity in SE Portland

SE MILWAUKIE AVE SE 17th AVE

POTENTIAL DENSITY OF OVER 130 UNITS APARTMENTS - MICRO UNITS - TOWNHOMES - DUPLEX - DETACHED LOTS - ADU

Great HEART OF SELLWOOD-MORELAND FOR SALE Location! RESIDENTIAL DEVELOPMENT OPPORTUNITY - 0.77 AC

George N. Diamond Nicholas G. Diamond 503.222.2178 503.222.2655 Broker(s) Have Ownership Interest in this Property Licensed [email protected] [email protected] in OR & WA 05.23.2020 © 2020 Capacity Commercial Group LLC | 805 SW Broadway #700, Portland OR 97205 | 503.326.9000 | capacitycommercial.com Sellwood Residential Block

Prime Redevelopment Block in SE Portland’s Sellwood Neighborhood

CAPACITY COMMERCIAL GROUP LLC is pleased to exclusively offer for sale .77 acres for redevelopment, in the heart of the Sellwood neighborhood of SE Portland – one of Portland’s hottest neighborhoods. The Sellwood Residential Block represents an unparalleled opportunity for development in SE Portland’s close-in market. Proposed zoning is RM2 for medium-density residential for development in one of Portland’s fastest growing neighborhoods.

The property’s ideal location in the established Sellwood District of Southeast Portland provides its residents great restaurants, shopping and services within walking distance. Additionally, the site has convenient access to major roads and highways, historic Sellwood, and many local attractions. The site’s unique location near Sellwood’s iconic pedestrian-friendly SE 13th Avenue offers a coveted location in a cultural epicenter of inner-SE Portland. Walking distance to multiple restaurants, retailers, services and transit as well as proximity to the Sellwood Bridge for accessing the west side make the location ideal.

APARTMENTS POSSIBILITY TO BUILD TOWNHOMES OVER 130 MICRO UNITS DUPLEX DETACHED LOTS See Development Options for Details Offering Information

SALE PRICE: $4,046,400 ($120/SF) LAND AREA: 0.77 AC (33,720 SF) CALL GEORGE DIAMOND ( 503.222.2178) - NICHOLAS DIAMOND (503.222.2655) - MICHAEL DIAMOND (503.222.1988)

ADDRESS: 1666 SE LAMBERT STREET, PORTLAND OR BUILDABLE AREA: 75,870 SF GROSS / 45,522 USABLE PARCEL APN: R143143, R143144 based on 60% MAXIMUM LOT COVERAGE ZONING: RM2 (RESIDENTIAL MULTI-DWELLING) PROPOSED PERMITTED DENSITY: DETERMINED BY SIZE OF UNITS MICRO UNITS: OVER 130 UNITS DEPENDING ON AVERAGE SF OF UNIT IMPROVEMENT: 16,520 SF MASONRY BUILDING LARGER UNITS: LESS UNITS DEPENDING ON AVERAGE UNIT SIZE FAR / HEIGHT: 2.25 FAR with bonuses - 45’ max height APARTMENTS - MICRO UNITS - TOWNHOMES - DUPLEX - DETACHED LOTS - ADU PAGE 2 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Sellwood Residential Block

The lot’s unique location nestled between Sellwood’s iconic SE Milwaukie and SE 17th Avenues offers a mix of secluded residential feel and high walkability. Walking distance to multiple restaurants, retailers, services and transit as well as proximity to the Sellwood Bridge for accessing the west side by car, bicycle and transit make the location ideal for residential use.

TO SELLWOOD BRIDGE OAKS BOTTOM WILDLIFE REFUGE

- 1630 se rural st future MULTIFAMILY - 232 unitS OPA! PIZZERIA, GINO’S ITALIAN, TE CHAI TE, JADE TEAHOUSE, SELLWOOD CYCLE REPAIR, SELLWOOD ANTIQUE MALL, A CENA RISTO RANTE, SOCK DREAMS, BISHOPS BARBER SHOP, RE/MAX MORELAND, SELLWOOD LIBRARY, CREATIVE MINDS LEARNING CENTER 7510 se milwaukie lambert lofts future MULTIFAMILY - 30 unitS wallace books MULTIFAMILY - 19 unitS rose city bookstore coffee co. SE 13th AVE ST. AGATHA CATHOLIC SCHOOL 1666 SE Lambert

ST. AGATHA 1637 SE NEHALEM galaxie at sellwood CATHOLIC CHURCH FUTURE MULTIFAMILY - 61 unitS MULTIFAMILY - 76 unitS 1602 SE TACOMA ST FUTURE MULTIFAMILY - 12 unitS SE TACOMA ST spokane 13 apartments SE 17th AVE MULTIFAMILY - 30 unitS 1650 SE TACOMA ST SE MILWAUKIE AVE FUTURE MULTIFAMILY - 44 unitS MORELAND ROSE MORELAND MULTIFAMILY - 13 unitS SELLWOOD MIDDLE SCHOOL ALE HOUSE JAKE’S PLACE CHURCH OF JESUS CHR. BAR OF LATTER-DAY SAINTS SPRINGWATER FLATS MULTIFAMILY - 76 units CLASSICAL BALLET DANCE ACADEMY 7924 SE MILWAUKIE MASTER MECHANICS SELLWOOD INN FUTURE MULTIFAMILY - 4 unitS PUB DANCE WITH JOY DANCE STUDIO ARUGULARIUM CREPERIE ZUMBA @ PORTLAND 1725 SE TENINO ST DANCE STUDIO FUTURE MULTIFAMILY - 91 unitS

8188 SE 19TH AVE FUTURE SIX-PLEX

RETAIL / RESTAURANT NEIGHBORHOOD RETAIL CORRIDOR

MULTIFAMILY DEVELOPMENT SITE AERIAL VIEW COMMUNITY / EDUCATIONAL / ETC PAGE 3 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Sellwood Residential Block

SE LAMBERT & SE 17th

SE LAMBERT ST FRONTAGE ALONG SE MILWAUKIE AVE

EXTERIOR PHOTOGRAPHY PAGE 4 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Sellwood Residential Block

X - Exit M - Men’s Restroom W - Women’s restroom CHAPEL R - Restroom C - Custodial Closet SECOND FLOOR S - Storage 300 - Prayer Room

CHURCH MAIN FLOOR DUMAS HALL MAIN FLOOR

CHURCH BASEMENT DUMAS HALL MAIN FLOOR 100 - Archives 107 - Classroom 115 - Kitchenette 118 - “Far Side of 50” 101 - Classroom 108 - Classroom 116 - Temporary Library Class 102 - Classroom 109 - Resource Room 117 - Future Woman’s 119 - Future Library 103 - Classroom 110 - Classroom Ministry Office 120 - Future Children’s 104 - Classroom 111 - Flower Room Church Room 105 - Classroom 112 - Temporary Storage

BUILDING & SITE PLANS PAGE 5 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. geoAdvantage: Multnomah County of Oregon State (App3)Sellwood ResidentialPage 1 of 1 Block

SE MILWAUKIE AVE

SE 17th AVE

geoAdvantage: Multnomah County of Oregon State (App3) SE LAMBERT ST Page 1 of 1

R1 - Residential 1,000 Zoning Allows for a Multitude of Approved Residential Uses at the Site

This map/plat is being furnished as an aid in locating the herein described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.

This map/plat is being furnished as an aid in locating the herein described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, theTAX LOTS company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon. PAGE 6 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy.

http://geo.sentrydynamics.net/OR_Multnomah/default.aspx 10/25/2016 http://geo.sentrydynamics.net/OR_Multnomah/default.aspx 10/25/2016 Prreparred By:: Sellwood Residential Block

10//25//2016 Ü 0 740

feet

Community Taxlot Subject

NEIGHBORHOOD LOT MAP PAGE 7 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy.

This information is deemed reliable but is not guaranteed. Summary of the Multi-Dwelling Zones

The new framework for the multi-dwelling zones include four zones that are based on existing zones - but are more responsive to different types of places. The summary standards and graphics reflect draft development standards proposedSellwood in the Proposed Draft. ResidentialThe Bonus FAR is provided for projects Block with affordable housing or FAR transfers from sites where historic buildings, existing affordable housing or trees are being preserved. Base FAR Bonus FAR

New Zone: RM1 Summary of the Multi-Dwelling35’ Zones 35’ Former Zones: R2 andSummary R3 of the Multi-Dwelling Zones This is a low-scaleThe new framework zone that forprovides the multi-dwelling a transition tozones lower include four zones that are based on existing zones - but are more responsive to different types of places. The summary standards and graphics reflect draft development Thedensity new residential framework areas, for theoften multi-dwelling located at edges zones of centers include four zones that are based on existing zones - but are or along standardsneighborhood proposed corridors in the or Proposed other areas Draft. to Theprovide Bonus FAR is provided for projects with affordable housing or more responsiveFAR transfers to fromdifferent sites where types historic of places. buildings, The existingsummary affordable standards housing and graphicsor trees are reflect being preserved. draft development standardscontinuity proposedwith the scale in theof established Proposed residentialDraft. The areas.Bonus FAR is provided for projects with affordable housing or FAR transfers from sites where historic buildings, existing affordableBase FAR housing or treesBonus areSummary being FAR ofpreserved. the Multi-Dwelling Zones The new framework for the multi-dwelling zones include four zones that are based on existing zones - but are Maximum Height: 35 feet 1 to 1 more responsive to different1.5 types of toplaces. The1 summary standards and graphics reflect draft development New Zone: RM1 35’ 35’ standards proposed in the Proposed Draft. The Bonus FAR is provided for projects with affordable housing or MaximumFormer Building Zones: Coverage: R2 and R3 50% Base FAR FAR transfers from sitesBonus where historic buildings, FAR existing affordable housing or trees are being preserved. This is a low-scale zone that provides a transition to lower Base FAR Bonus FAR New Zone: RM1 35’ 35’ New Zone: RM1RM2 35’ 35’ density residential areas, often located atSummary edges of ofcenters the Multi-Dwelling Zones 45’ Former Zones: R2 and R3 This is a low-scale zone that provides a transition to lower 45’ Former orZones: along neighborhood R2R1 and R3 corridors or other areas to provide density45’ residential areas, often located at edges of centers The new framework for the multi-dwelling zones include four zones that are based on existing zones - but are or along neighborhood corridors or other areas to provide more responsive to different types of places. The summary standards and graphics reflect draft development continuity with the scale of established residential areas. This iszone a low-scalecontinuity is applied zonewith in andthe that scale around provides of established astandards variety a transition proposed residentialof in thecenters Proposed to lowerDraft. areas. The Bonus FAR is provided for projects with affordable housing or FAR transfers from sites where historic buildings, existing affordable housing or trees are being preserved. Maximum Height: 35 feet 1 to 1 1.5 to 1 densityand corridors residential to contribute areas, often to the located intended at urbanedges ofscale centers Maximum Building Coverage: 50% Base FAR Bonus FAR Maximum Height: 35 feet 1 to 1 New Zone: RM21.5 to 1 New Zone: RM1 35’ 35’ 45’ orof thesealong locations,neighborhood while corridors providing or transitionsother areas into scaleprovide and 45’ Former Zones: R2 and R3 Former Zones: R1 45’ Maximum Building Coverage: 50%This is a low-scale zone that provides a transition to lower This zone is applied in and around a variety of centers continuitycharacteristics with tothe lower scale scale of established residentialdensity residential residential neighborhoods. areas, often located areas.at edges of centers and corridors to contribute to the intended urban scale or along neighborhood corridors or other areas to provide of these locations, while providing transitions in scale and continuity with the scale of established residential areas. characteristics to lower scale residential neighborhoods. New Zone: RM2 45’ Maximum Height: 45 feet Maximum Height: 45 feet 1 to 1 1.5 to 1 45’ MaximumFormer Height: Zones: 35 feet R1 Maximum Height: 35 feet 1 to 1 45’ Maximum Building Coverage:1.5 60% to 1 1.5 to 1 2.25 to 1 Maximum Building Coverage: 60% Maximum Building Coverage: 50% New Zone: RM3 65’65’ 65’ This zone is applied in and aroundNew Zone:a variety RM2 of centers 1.5 to 1 2.25 to 1 Maximum Building Coverage: 50% 45’ Former Zones: RH [2:1 FAR] 45’ 45’ Summary of the Multi-Dwelling Zones Summary of the Multi-Dwelling 45’Zones Summary of the Multi-Dwelling Zones and corridors to contribute to theFormer intended Zones: R1 urban scale This is a high-density zone applied in locations close to This zone is applied in and around a variety of centers the Central City and in centers and major corridors. It The new framework for the multi-dwellingNew zones include Zone:of four thesezones RM3 that locations,are based on existing whilezones - butproviding are Theand corridorsnew transitions framework to contribute for the to themulti-dwellingin intended scale urban zones scaleand include four zones that are based on existing zones - but are 65’65’Theallows new for frameworka mid-rise scale for ofthe buildings multi-dwelling (up to six stories),zones include four zones65’ that are based on existing zones - but are more responsive to different types of Newplaces. The summaryZone: standards RM2 and graphics reflect draft development moreof these responsive locations, towhile different providing types transitions of places. in scaleThe summaryand standards and graphics reflect draft development moreand calls responsive for landscaped to different front setbacks types toof integrateplaces. Thewith summary standards and graphics reflect draft development standards proposed in the Proposed Draft. The Bonus FAR is provided for projects with affordable housing or standards proposed in the Proposed Draft. The Bonus FAR is provided for projects with affordable housing or 45’ standards proposed in the Proposed Draft. The Bonus FAR is provided for projects with affordable housing or characteristics to lower scale residentialcharacteristics to lower neighborhoods. scale residential neighborhoods.45’ established residential neighborhoods. FAR transfers from sites where historic Formerbuildings, existing Zones:affordable housing RH or trees [2:1 are being FAR] preserved. FAR transfers from sites where historic buildings, existing affordable housing or trees are being preserved. MaximumFAR transfers Height: from 65 sites feet where historic buildings, existing affordable45’ housing or trees are being preserved. Maximum Height: 45 feet 45’ Former Zones: R1 Maximum Building Coverage: 85% This is a high-densityBase FAR zoneBonus applied FAR inMaximum locations Building Coverage: close 60% to Base1.5 to FAR 1 Bonus2.25 to FAR 1 Base2 to FAR 1 Bonus3 to FAR1 Maximum Height: 45 feet New Zone: RM1 This zone is applied35’ in and around35’ aNew variety Zone: RM1RM3 of centers 35’ 65’65’ 35’ 65’ New Zone: RM4RM1 35’ 75’ 35’ 75’ 75’ 65’ Former Zones: R2 and R3 the CentralMaximum City and Building in centers Coverage: and 60%majorFormer Zones: corridors. R2RH and[2:1 R3FAR] It 45’ Former Zones: RHR2 and[4:1 R3FAR] This is a low-scale zone that provides a transitionand to lowercorridors to contribute to the intendedThis is a low-scalehigh-density zoneurban zone that applied provides inscale locationsa transition close to lowerto 1.5 to 1 This is a high-density,low-scale2.25 zone more that intensely providesto 1urbana transition zone applied to lower in density residential areas, often located atallows edges of centers for a mid-rise scale of buildingsdensitythe Central (up residential City andto areas,in sixcenters often stories), and located major atcorridors. edges of It centers locationsdensity residential close to the areas, Central often City located and in atcenters edges andof centersmajor or along neighborhood corridors or other areasof tothese provide locations, while providing transitionsorallows along for neighborhood a mid-rise scale corridors of inbuildings orscale other (up areasto six tostories),and provide corridors.or along neighborhood It is intended corridorsto provide or a othermore areasintensely to provide urban continuity with the scale of established residential areas. New Zone: RM3 continuityand calls for withlandscaped the scale front of established setbacks to residential integrate with areas. 65’65’ mid-risecontinuity or high-risewith the scale of establishedup to seven residential or more stories. areas.65’ and calls for landscaped front setbacksestablished to residential integrate neighborhoods. with Maximum Height: 75 - 100 feet Maximum Height: 35 feet characteristicsFormer1 to 1to Zones: lower RH 1.5scale [2:1 to 1 residential FAR] Maximum Height: neighborhoods. 6535 feet 45’ 1 to 1 1.5 to 1 Maximum BuildingHeight: 35 Coverage: feet 85% 1 to 1 1.5 to 1 Maximum Building Coverage: 50% established residential neighborhoods.Maximum Building Coverage: 85%50% Maximum Building Coverage: 50% 2 to 1 3 to 1 4 to 1 6 to 1 New Zone: RM2 This is a high-density zone appliedNew Zone:in locations RM2 close to New Zone: RM2 45’ 45’ 75’ 45’ New Zone: RM4 75’ 75’ 45’ 45’ 45’ 45’ 65’ 45’ The RX zone is not included here because its development standards are described and regulated45’ in large part by the Former Zones: R1 Maximum Height: 6545 feet Former Zones: RHR1 [4:1 FAR] Former Zones: R1 This zone is applied in and around a variety of centers the Central City and in centers andThis zone major is applied incorridors. and around a variety It of centers This zone is applied in and around a variety of centers This is a high-density, more intensely urban zone applied in Central City and Gateway plan districts. and corridors to contribute to the intended urban scale and corridors to contribute to the intended urban scale and corridors to contribute to the intended urban scale Maximum Building Coverage: 85%60% locations close to the Central City and in centers and major of these locations, while providing transitions in scale and allows for a mid-rise scale of buildingsof these locations, (up while to providing six stories), transitions in scale and 1.5 to 1 of these locations, while providing2.25 transitions to in scale 1 and corridors. It is intended to provide a more intensely urban characteristics to lower scale residential neighborhoods. characteristics to lower scale residential neighborhoods. 2 to 1 characteristics to lower scale residential3 to neighborhoods. 1 and calls for landscaped front setbacksmid-rise or high-rise to scaleintegrate of up to seven orwith more stories. Maximum Height: 45 feet Maximum Height: 4575 feet- 100 feet Maximum Height: 45 feet Maximum Building Coverage: 60% New Zone: RM3 Maximum Building Coverage: 85%60% 65’Maximum Building Coverage: 60% 65’ established1.5 to 1 residential2.25 to 1neighborhoods. 1.5 to 1 2.25 to 1 65’ 1.575’ to 1 2.25 to 1 New Zone: RM4 75’ 75’ New Zone: RM3 65’ New Zone: RM3 65’ New Zone: RM3 65’ 65’65’ 65’45’ 4 to 1 65’65’ 6 to 1 65’65’ Former Zones: RH [2:1 FAR] Former45’ MaximumZones: RH Height: [2:1 65 FAR] feet Former Zones: RH [2:1 FAR] 45’ Former Zones: RH [2:1 FAR] 45’ This is a high-density zone applied in locationsFormer close to Zones: RH [4:1 FAR] TheThis RXis a zone high-density is not included zone applied here because in locations its development close to standards are described and regulated in large part by the This is a high-density zone applied in locations close to the Central City and in centers and major corridors.This It is a Maximumhigh-density Building zone Coverage: applied in85%Centralthe locationsCentral City Cityand andGateway in centers plan close anddistricts. major corridors.to It the Central City and in centers and major corridors. It allows for a mid-rise scale of buildings (up Thisto six stories), is a high-density, more intenselyallows urban for a mid-rise zone scale of buildings applied (up to six stories), in 2 to 1 allows for a mid-rise3 scale to of buildings 1 (upZONING to six stories), INFORMATION and calls for landscaped front setbacks to integrate with and calls for landscaped front setbacks to integrate with and calls for landscaped front setbacks to integrate with established residential neighborhoods. the Central City and in centers and majorestablished residential corridors. neighborhoods. It established residential neighborhoods. locations close to the Central City and in centers and major 75’ PAGE 8 Maximum Height: 65 feet New Zone: RM4 Maximum Height: 65 feet 75’ 75’ Maximum Height: 65 feet Maximum Building Coverage: 85% allows for a mid-rise scale of buildingsMaximum (up Building to Coverage: six stories), 85% 65’ Maximum Building Coverage: 85% corridors.Former It is2 to intended 1 Zones: RH to3 to[4:1provide 1 FAR] a more intensely urbanThe information contained2 to 1 herein has3 beento 1 obtained from sources we deem reliable. We cannot, however,2 to 1 guarantee3 its to accuracy.1 75’ 75’ 75’ New Zone: RM4 and calls for landscaped75’ 75’ front setbacksNew Zone: to RM4 integrate with 75’ 75’ New Zone: RM4 75’ 75’ 65’ 65’ 65’ Former Zones: RH [4:1 FAR] mid-rise Thisor high-rise is a high-density, scale of more up tointensely sevenFormer Zones: urbanor RH more [4:1 zone FAR] stories. applied in Former Zones: RH [4:1 FAR] This is a high-density, more intensely urbanestablished zone applied in residential neighborhoods.This is a high-density, more intensely urban zone applied in This is a high-density, more intensely urban zone applied in locations close to the Central City and in centersMaximum and major locations Height: close 75 -to 100 the feetCentral Citylocations and close in to the centers Central City and and in centers major and major locations close to the Central City and in centers and major corridors. It is intended to provide a more intensely urban corridors. It is intended to provide a more intensely urban corridors. It is intended to provide a more intensely urban mid-rise or high-rise scale of up to seven orMaximum more stories. corridors. Height: It is65 intended feet to providemid-rise a ormore high-rise scale intensely of up to seven orurban more stories. mid-rise or high-rise scale of up to seven or more stories. Maximum Height: 75 - 100 feet Maximum Building Coverage: 85% Maximum Height: 75 - 100 feet Maximum Height: 75 - 100 feet Maximum Building Coverage: 85% Maximummid-rise Building or high-rise Coverage: scale 85%of up Maximumto seven Building orCoverage: more 85% stories. Maximum Building Coverage: 85% Maximum4 to 1 Height: 756 to - 1100 feet 4 to 1 2 to 16 to 1 3 to 1 4 to 1 6 to 1 The RX zone is not included here because its development standards are described and regulated in large part by the The RX zone is not included here because its development standards are described and regulated4 to in large 1 part by the The RX zone is not included here because6 toits development 1 standards are described and regulated in large part by the Central City and Gateway plan districts. Maximum Building Coverage: 85%Central City and Gateway plan districts. Central City and Gateway plan districts. 75’ New Zone: RM4 75’ 75’ 65’ FormerThe RX zone Zones: is not RH included [4:1 FAR] here because its development standards are4 todescribed 1 and regulated6 in to large 1 part by the ThisCentral is a Cityhigh-density, and Gateway more plan intensely districts. urban zone applied in locationsThe close RX zone to the is not Central included City here and because in centers its development and major standards are described and regulated in large part by the corridors.Central It is intended City and Gateway to provide plan a districts. more intensely urban mid-rise or high-rise scale of up to seven or more stories. Maximum Height: 75 - 100 feet Maximum Building Coverage: 85% 4 to 1 6 to 1 The RX zone is not included here because its development standards are described and regulated in large part by the Central City and Gateway plan districts. Sellwood Residential Block

EXAMPLE 49-UNIT multifamily plan EXAMPLE 44-UNIT multifamily plan site may accommodate higher density site may accommodate higher density

DEVELOPMENT OPTIONS PAGE 9 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Sellwood Residential Block

EXAMPLE 30-UNIT multifamily plan EXAMPLE 42-UNIT multifamily plan site may accommodate higher density site may accommodate higher density

DEVELOPMENT OPTIONS PAGE 10 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Sellwood Residential Block

EXAMPLE 20-UNIT row/townhome PLAN EXAMPLE 16-UNIT DETACHED LOT PLAN site may accommodate higher density SITE may ACCOMMODATE HIGHER DENSITY

DEVELOPMENT OPTIONS PAGE 11 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Sellwood Residential Block

PORTLAND NEIGHBORHOOD PROFILE:

The Sellwood-Moreland neighbor- cation attractions. Sellwood even hood is located in the close in SE has a 44-acre wildlife refuge in its Portland area. Sellwood- backyard! The neighborhood is bordered by the Moreland Sellwood provides to all Portland- Brooklyn and Eastmoreland neigh- ers an ideal location to move into. borhoods, the city of Milwaukie, as This SE Portland neighborhood well as the Willamette River. Sellwood brings with it a vast provides an abundance of food options from Reverend’s amount of history from its vintage amusement park to the BBQ to the famous a Cena Ristorante. many shops and restaurants that are doting this southeast neighborhood. This neighborhood offers local restaurants, coffee shops, bars, and retail for the neighborhood to enjoy. Sellwood provides many gathering locations for the community. Oaks Amusement Park, Sellwood Park, Sellwood There’s a reason many locals and new residents are choos- Riverfront Park, and Westmoreland Park are all close-in lo- ing Sellwood as their ideal location to live.

SELLWOOD BRIDGE

NEIGHBORHOOD PROFILE PAGE 12 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Sellwood Residential Block

Accessibility to Portland’s downtown and affluent South Waterfront and John’s Landing districts is accom- lished in minutes through both HWY 99 and the Sellwood Bridge. Sellwood is considered one of the best-located neighborhoods in the Portland metro area, in addition to being an attractive, diverse and culturally significant destination in itself.

LLOYD DISTRICT WOODSTOCK

LADD’S ADDITION INNER EASTSIDE

THE PEARL BROOKLYN

DOWNTOWN SUBJECT

S. WATERFRONT

SELLWOOD

OHSU

PORTLAND HEIGHTS JOHN’S LANDING

HILLSDALE

LOCAL AERIAL PAGE 13 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. COMPLETE PROFILE 2000-2010 Census, 2017 Estimates with 2022 Projections CalculatedCOMP usingLE TWeightedE PR BlockOF CentroidILE from Block GroupsSellwood Residential Block 2000-2010 Census, 2017 Estimates with 2022 Projections CalculatedCOMP usingLE TWeightedE PR BlockOF CentroidILE from Block Groups Lat/Lon: 45.4681/-122.6475 2000-2010 Census, 2017 Estimates with 2022 Projections RFULL9 Calculated1666 SE using Lam Weightedbert S tBlock Centroid from Block Groups Lat/Lon: 45.4681/-122.6475 1 mi radius 3 mi radius 5 mi radius 10 mi radius RFULL9 DemographicsPortland, OR 97202 L1a6t/6L6on S: 4E5 .L4a68m1/b-1e2r2t .S64t75 Population 1 mi radius 3 mi radius 5 mi radius 10 mi radiuRFULL9s Portland, OR 97202 1Estimated666 SE LPopulationambert S(2017)t 14,972 138,034 429,349 1,221,215 PSNAPSHOTProjectedopulatio nPopulation (2022) RADIUS: 1 116,144m iMILE radius 3148,099 m MILEi radius 5461,409 m MILEi radius 1,315,395 1100 m iMILE radius DATA HIGHLIGHTS PCensusortlan dPopulation, OR 972 (2010)02 13,739 125,155 385,390 1,102,703 Estimated Population (2017) 14,972 138,034 429,349 1,221,215 Census Population (2000) 12,970 119,336 356,078 995,570 PProjectedopulatio nPopulation (2022) 16,144 148,099 461,409 1,315,395 COMPLETE PROFILE 1.6% 1.5% 1.5% 1.5% EstimatedCensusProjected Population AnnualPopulation Growth (2010) (2017) (2017-2022) 14,97213,7391,172 138,034125,15510,065 429,349385,39032,060 1,221,2151,102,70394,181 >109,000 DAYTIME EMPLOYEES WITHIN 3 MILEs 2ProjectedCensusHistorical000-201 Population0 AnnualPopulationCensus Growth, 2(2000)0 (2022)17 E(2010-2017)stimates with 2022 Projections 16,14412,9701,233 1.3% 148,099119,33612,879 1.5% 461,409356,07843,959 1.6% 1,315,395118,512995,570 1.5% CalculatedHistorical using Annual Weighted Growth Block (2000-2010) Centroid from Block Groups 769 0.6% 5,819 0.5% 29,312 0.8% 107,133 1.1% ProjectedCensus Population Annual Growth (2010) (2017-2022) 13,7391,172 1.6% 125,15510,065 1.5% 385,39032,060 1.5% 1,102,70394,181 1.5% >138,000 ESTIMATED POPULATION WITHIN 3 MILEs HistoricalCensusEstimated Population Annual Population Growth (2000) Density (2010-2017) (2017) 12,9701,2334,766 psm1.3% 119,33612,8794,884 psm1.5% 356,07843,9595,469 psm1.6% 118,512995,5703,889 psm1.5% sq mi sq mi sq mi sq mi ProjectedHistoricalTrade Area Annual Size Growth (2000-2010)(2017-2022) 1,1727693.1 1.6%0.6% 10,0655,81928.3 1.5%0.5% 32,06029,31278.5 1.5%0.8% 107,13394,181314.0 1.5%1.1% Lat/Lon: 45.4681/-122.6475 HEstimatedHistoricalousehol dAnnual Populations Growth Density (2010-2017) (2017) 4,7661,233 psm1.3% 12,8794,884 psm1.5% 43,9595,469 psm1.6% 118,5123,889 psmRFULL91.5% (EST.) GROWTH oF >10,000 BY 2022 WITHIN 3 MILEs 1EstimatedTradeHistorical666 SAreaE Annual LHouseholds Sizeamb eGrowthrt S (2017)t (2000-2010) 6,7887693.1 sq 0.6%mi 59,6895,81928.3 sq 0.5%mi 193,60929,31278.5 sq 0.8%mi 107,133496,912314.0 sq 1.1%mi 1 mi radius 3 mi radius 5 mi radius 10 mi radius HEstimatedProjectedousehol d HouseholdsPopulations Density (2022) (2017) 4,7667,236 psm 63,5514,884 psm 206,0535,469 psm 530,0243,889 psm PCensusortlan dHouseholds, OR 972 0(2010)2 6,328 sq mi 54,800 sq mi 175,136 sq mi 454,817 sq mi EstimatedTrade Area Households Size (2017) 6,7883.1 59,68928.3 193,60978.5 496,912314.0 >59,000 HOUSEHOLDS in 3-mile TRADE AREA Census Households (2000) 5,997 51,876 160,003 407,894 HTProjectedroaunssephoortl daHouseholdsstion To Wo (2022)rk (2015) 7,236 63,551 206,053 530,024 Worker Base Age 16 years or Over 8,234 1.3% 76,301 1.3% 236,508 1.3% 656,420 1.3% EstimatedCensusProjected Households AnnualHouseholds Growth (2010) (2017) (2017-2022) 6,7886,328449 59,68954,8003,862 193,609175,13612,444 496,912454,81733,111 Drive to Work Alone 4,854 58.9% 46,440 60.9% 143,051 60.5% 430,129 65.5% SIGNIFICANT RISE IN HOUSEHOLD INCOME ProjectedCensusHistorical Households AnnualHouseholds Change (2000) (2022) (2000-2017) 7,2365,997791 0.8% 63,55151,8767,814 0.9% 206,053160,00333,606 1.2% 530,024407,89489,018 1.3% Drive to Work in Carpool 667 8.1% 6,012 7.9% 18,920 8.0% 56,262 8.6% FORECASTED THROUGH 2022 IN 5 mile radius ATravelProjectedCensusverag toe Households HWork Annualous ebyh oGrowthPublicld (2010) Inc Transportation o(2017-2022)me 6,328789449 9.6%1.3% 54,8009,1003,862 11.9%1.3% 175,13627,80912,444 11.8%1.3% 454,81765,38433,111 10.0%1.3% EstimatedDriveHistoricalCensus to HouseholdsWork Annual Average on MotorcycleChange Household (2000) (2000-2017) Income (2017) $113,2985,99779151 0.6%0.8% $98,70451,8767,814399 0.5%0.9% $98,463160,00333,6061,034 0.4%1.2% $97,489407,89489,0182,651 0.4%1.3% Bicycle to Work 715 8.7% 4,714 6.2% 13,311 5.6% 26,784 4.1% AProjectedverage H AnnualAverageouseh oGrowth lHouseholdd Inc o(2017-2022)me Income (2022) $131,130449 1.3% $113,5863,862 1.3% $114,13712,444 1.3% $112,64033,111 1.3% 39 COMPANY HEADQUARTERS WITHIN 3 MILEs HistoricalCensusWalk to WorkAverage Annual HouseholdChange (2000-2017) Income (2010) $75,079791321 0.8%3.9% $68,6147,8143,875 0.9%5.1% $69,02033,60613,980 1.2%5.9% $70,14389,01827,647 1.3%4.2% OtherEstimated Means Average Household Income (2017) $113,29823 0.3% $98,704332 0.4% $98,4631,296 0.5% $97,4893,880 0.6% Census Average Household Income (2000) $57,444 $56,011 $57,646 $59,538 AWorkProjectedvera gate Home H Averageouseho lHouseholdd Income Income (2022) $131,130815 9.9% $113,5865,428 7.1% $114,13717,106 7.2% $112,64043,684 6.7% EstimatedCensusProjected Average AnnualAverage HouseholdChange Household (2017-2022) Income Income (2010) (2017) $113,298$75,079$17,832 3.1% $14,882$98,704$68,614 3.0% $15,674$98,463$69,020 3.2% $15,151$97,489$70,143 3.1% TOP NEARBY RETAILERS: Daytime Demographics (2017) CensusHistorical Average Annual HouseholdChange (2000-2017) Income (2000) $57,444$55,854 5.7% $42,693$56,011 4.5% $40,817$57,646 4.2% $37,951$59,538 3.7% TotalProjected Businesses Average Household Income (2022) $131,130793 $113,5867,391 $114,13731,327 $112,64066,602 MTotalProjectedCensusedia Employeesn HAverage oAnnualuseho HouseholdChangeld Incom (2017-2022)e Income (2010) $17,832$75,0795,967 3.1% $14,882$68,61471,657 3.0% $15,674$69,020339,034 3.2% $15,151$70,143710,253 3.1% STARBUCKS, COLUMBIA SPORTSWEAR OUTLET, THE UPS STORE, EstimatedHistoricalCompanyCensus Average Annual HeadquarterMedian HouseholdChange Household Businesses (2000-2017) Income Income (2000) (2017) $84,460$55,854$57,4443 5.7%0.4% $42,693$77,131$56,01139 4.5%0.5% $40,817$74,918$57,646223 4.2%0.7% $37,951$76,314$59,538445 3.7%0.7% Company Headquarter Employees 321 5.4% 12,065 16.8% 48,320 14.3% 85,841 12.1% NEW SEASON’S MARKET, MIO SUSHI, OLD PORTLAND HARDWARE, MProjectededian H oAnnualMedianuseho ChangelHouseholdd Incom (2017-2022)e Income (2022) $17,832$97,662 3.1% $14,882$89,102 3.0% $15,674$86,907 3.2% $15,151$88,858 3.1% SELLWOOD YOGA, GRAND CENTRAL BAKERY, JADE TEAHOUSE, CensusEmployee Median Population Household per Business Income (2010) $56,9057.5 to 15.7% $53,5699.7 to 14.5% $51,97610.8 to 14.2% $55,32010.7 to 3.7%1 EstimatedHistorical Annual Median Change Household (2000-2017) Income (2017) $84,460$55,854 $42,693$77,131 $40,817$74,918 $37,951$76,314 CensusResidential Median Population Household per Business Income (2000) $46,21218.9 to 1 $45,40618.7 to 1 $45,36013.7 to 1 $48,50318.3 to 1 ROSE CITY COFFEE, SNAP FITNESS, OAKS BOTTOM PUBLIC MAdj.Projecteded iDaytimean H oMedianus Demographicseho lHouseholdd Income Age Income 16 Years (2022) or Over $97,66210,115 $89,102109,135 $86,907461,058 1,052,812$88,858 This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. representation herein is provided without information The be reliable. sources deemed to and government private from was produced using data report This HOUSE, FEDEX OFFICE, BIKRAM YOGA, STARS ANTIQUES MALL EstimatedCensusProjected Median AnnualMedian Household Change Household (2017-2022) Income Income (2010) (2017) $84,460$56,905$13,202 3.1% $11,971$77,131$53,569 3.1% $11,989$74,918$51,976 3.2% $12,544$76,314$55,320 3.3% Labor Force ProjectedCensusHistorical Median AnnualMedian Household Change Household (2000-2017) Income Income (2000) (2022) $97,662$46,212$38,248 4.9% $31,725$89,102$45,406 4.1% $29,558$86,907$45,360 3.8% $27,811$88,858$48,503 3.4% Labor Population Age 16 Years or Over (2017) 12,537 117,400 366,407 1,006,802 This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. representation herein is provided without information The be reliable. sources deemed to and government private from was produced using data report This PProjectedCensuseLaborr Cap ForceMedianit aAnnual Inc Totalo Householdm Changee Males (2017-2022)(2017) Income (2010) $13,202$56,9055,894 47.0%3.1% $11,971$53,56957,426 48.9%3.1% 181,411$11,989$51,976 49.5%3.2% 492,935$12,544$55,320 49.0%3.3% EstimatedHistoricalCensusMale Median CivilianAnnual Per Capita Household ChangeEmployed Income (2000-2017) Income (2017) (2000) $51,376$38,248$46,2124,243 72.0%4.9% $31,725$42,947$45,40641,150 71.7%4.1% 128,249$29,558$44,750$45,360 70.7%3.8% 349,030$27,811$39,947$48,503 70.8%3.4% ProjectedMale CivilianAnnualPer Capita UnemployedChange Income (2017-2022) (2022) $13,202$58,78978 3.1%1.3% $11,971$48,9881,239 3.1%2.2% $11,989$51,2954,396 3.2%2.4% $12,544$45,64611,632 3.3%2.4% or warranty. representation herein is provided without information The be reliable. sources deemed to and government private from was produced using data report This Per CMalesapita inIn Armedcome Forces - - 50 0.1% 100 0.1% 321 0.1% HistoricalCensus Per Annual Capita Change Income (2000-2017) (2010) $38,248$34,583 4.9% $31,725$30,043 4.1% $29,558$31,365 3.8% $27,811$28,931 3.4% EstimatedMales PerNot Capitain Labor Income Force (2017) $51,3761,573 26.7% $42,94714,987 26.1% $44,75048,666 26.8% 131,952$39,947 26.8% Census Per Capita Income (2000) $26,482 $24,259 $25,849 $24,341 PProjectedeLaborr Cap Forceit aPer In cCapitaTotalome Females Income (2017)(2022) $58,7896,643 53.0% $48,98859,974 51.1% 184,996$51,295 50.5% 513,868$45,646 51.0%DEMOGRAPHIC & BUSINESS INFORMATION EstimatedCensusProjectedFemale Per AnnualPer CapitaCivilian Capita Change Income Employed Income (2017-2022) (2010) (2017) $51,376$34,583$7,4144,145 62.4%2.9% $42,947$30,04338,723$6,041 64.6%2.8% 116,035$44,750$31,365$6,546 62.7%2.9% 314,878$39,947$28,931$5,699 61.3%2.9% Female Civilian Unemployed 84 5.5%1.3% 1,060 4.5%1.8% 3,499 4.3%1.9% 9,584 3.8%1.9% ProjectedCensusHistorical Per AnnualPer Capita Capita Change Income Income (2000-2017) (2000) (2022) $58,789$26,482$24,894 $18,688$48,988$24,259 $18,901$51,295$25,849 $15,607$45,646$24,341 PAGE 14 EstimatedFemales Average in Armed Household Forces Net Worth (2017) $1,208,403 - - $1,006,490 - - $1,014,416 - - $1,017,24514 - ProjectedCensus Per Annual Capita Change Income (2017-2022) (2010) $34,583$7,414 2.9% $30,043$6,041 2.8% $31,365$6,546The information2.9% contained$28,931$5,699 herein2.9% has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Females Not in Labor Force 2,413 36.3% 20,191 33.7% 65,463 35.4% 189,391 36.9% UnemploymentHistoricalCensus Per Annual Capita Rate Change Income (2000-2017) (2000) $24,894$26,4825,894 1.3%5.5% $18,688$24,25957,426 2.0%4.5% 181,411$18,901$25,849 2.2%4.3% 492,935$15,607$24,341 2.1%3.8% Estimated Average Household Net Worth (2017) $1,208,403 $1,006,490 $1,014,416 $1,017,245 LaborProjected Force Annual Growth Change (2010-2017) (2017-2022) $7,4145 0.1%2.9% $6,041-43 -0.1%2.8% $6,54625 2.9% - $5,699-118 2.9% - ©2018, Sites USA,HistoricalMale Chandler, Labor Arizona,Annual Force 480-491-1112 Change Growth (2000-2017) (2010-2017) $24,894 page2 10.1%5.5% of 9 $18,688-27 -0.1%4.5%Demographic$18,901 Source:26 Applied4.3% Geographic - Solutions$15,607-77 10/2017,3.8% TIGER - Geography EstimatedFemale Labor Average Force Household Growth (2010-2017)Net Worth (2017) $1,208,4033 0.1% $1,006,490-16 - $1,014,416-1 - $1,017,245-41 -

©2018, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 9 Demographic Source: Applied Geographic Solutions 10/2017, TIGER Geography Occupation (2015) or warranty. representation herein is provided without information The be reliable. sources deemed to and government private from was produced using data report This Occupation Population Age 16 Years or Over 8,384 79,916 244,258 664,026 Occupation Total Males 4,241 50.6% 41,177 51.5% 128,223 52.5% 349,107 52.6% ©2018, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 9 Demographic Source: Applied Geographic Solutions 10/2017, TIGER Geography Occupation Total Females 4,143 49.4% 38,739 48.5% 116,035 47.5% 314,919 47.4% Management, Business, Financial Operations 1,834 21.9% 14,552 18.2% 44,902 18.4% 120,809 18.2% Professional, Related 3,278 39.1% 25,397 31.8% 74,202 30.4% 178,282 26.8% Service 912 10.9% 13,209 16.5% 41,721 17.1% 117,145 17.6% Sales, Office 1,516 18.1% 16,327 20.4% 52,132 21.3% 149,020 22.4% Farming, Fishing, Forestry 22 0.3% 342 0.4% 1,294 0.5% 4,048 0.6% Construction, Extraction, Maintenance 219 2.6% 3,295 4.1% 9,695 4.0% 32,047 4.8% Production, Transport, Material Moving 602 7.2% 6,793 8.5% 20,313 8.3% 62,674 9.4% White Collar Workers 6,628 79.1% 56,276 70.4% 171,235 70.1% 448,111 67.5% Blue Collar Workers 1,756 20.9% 23,640 29.6% 73,023 29.9% 215,915 32.5%

Nike Intel Largest Employers 2020 - Portland Metro Area Rank Company Location Number of Employees 1 Nike Beaverton 73,100 2 Daimler Trucks North America Portland 34,015 3 Collins Wilsonville 31,200 4 Precision Castparts Portland 30,100 5 Fred Meyer Portland 30,000 6 Medical Management International Portland 13,481 7 Lithia Motors Medford 13,000 8 Oregon Health & Science University Portland 12,740 11 AMERICAN STEEL Portland 7,500 13 Columbia Sportswear Portland 7,000 14 NW Staffing Resources Portland 6,700 15 Mentor Graphics Wilsonville 5,968 16 PacifiCorp Portland 5,700 Blue Ribbon Sports founded in 1964, Intel was founded on a vision for semi- 17 City of Portland, Oregon Portland 5,000 in Eugene Oregon, took on the name conductor memory products in 1968 by 18 Cambia Health Solutions Portland 5,000 19 Pamplin Communications Portland 4,500 Nike in 1971 when they prepared to scientists Robert Noyce and Gordon 20 Reser’s Fine Foods Beaverton 4,500 launch their own line of footwear. As Moore, and in 1971 they had introduced 21 Umpqua Holdings Portland 4,491 they expanded, they began manufac- the world’s first microprocessor. 22 Tektronix Beaverton 4,359 24 Portland Community College Portland 4,140 turing apparel for a variety of sports, 25 Shari’s Cafe and Pies Beaverton 4,000 and moved their headquarters to an Intel has 82,500 employees worldwide, 28 New Seasons Market Portland 4,000 eight building campus in Beaverton, 18,600 of which are locally based at 29 KinderCare Portland 3,878 30 PCC Structurals Portland 3,769 Oregon. The campus has expanded to the company’s Ronler Acres Campus in 31 The Old Spaghetti Factory Portland 3,700 35 buildings and employs 8,500 peo- Hillsboro, OR is undergoing a 3.6 million 32 Avamere Family of Companies Wilsonville 3,698 ple in the state of Oregon. SF expansion that will bring in 1,000 33 Legacy Emanuel Medical Center Portland 3,619 34 Schnitzer Steel Industries Portland 3,575 additional employees. 35 McMenamins Portland 3,528 42 United States Bakery Portland 3,000 43 Portland International Airport Portland 3,000 45 Columbia Distributing Portland 2,955 46 Merix Beaverton 2,950 47 Frontier Management Portland 2,934 48 FLIR Systems Wilsonville 2,800 49 The Standard Portland 2,767 50 Portland General Electric Portland 2,646 51 Reddaway Tualatin 2,600 52 Shilo Inns Portland 2,500 54 Bonneville Power Administration BUSINESSPortland HIGHLIGHTS2,230 55 Johnstone Supply Portland PAGE2,230 15 56 C & K Market Medford 2,000 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. 58 A-dec Newberg 1,900 60 Vigor Industrial Portland 1,800 61 Consumer Cellular Portland 1,800 64 Starplex Portland 1,517 66 Pacific Coast Restaurants Portland 1,500 69 Tuality Healthcare Hillsboro 1,309 71 Gunderson’s Lake Oswego 1,300 72 Partners Group Portland 1,300 73 Lewis & Clark College Portland 1,280 74 TriMet Portland 1,270 77 Oregonian Media Group Portland 1,200 78 Willamette Dental Group Hillsboro 1,193 80 NW Natural Portland 1,123 81 TEC Equipment Wilsonville 1,118 84 Hillsboro School District Beaverton 1,089 86 Berkadia Commercial Mortgage Portland 1,035 87 The Oregon Clinic Portland 1,020 88 Cascadia Behavioral Healthcare Portland 1,000 89 OIA Global Logistics International Portland 1,000 90 Adventist Medical Center – Portland Gresham 1,000 91 Kaizen Restaurants Beaverton 1,000 92 Pacific Office Automation Beaverton 1,000 95 Pendleton Woolen Mills Portland 1,000 98 Alpha Media Portland 934 99 Wieden+Kennedy Portland 928 OREGON REAL ESTATE INITIAL AGENCY A seller’s agent owes the seller the following affirmative duties; DISCLOSURE PAMPHLET OAR 863-015-215 (4) 1. To exercise reasonable care and diligence; 2. To account in a timely manner for money and property received from or on behalf of the seller; Consumers: This pamphlet describes the legal obligations of Oregon real estate licensees to consumers. Real estate brokers and 3. To be loyal to the seller by not taking action that is adverse or detrimental to the seller’s interest in a transaction; principal real estate brokers are required to provide this information to you when they first contact you. A licensed real estate broker or 4. To disclose in a timely manner to the seller any conflict of interest, existing or contemplated; principal broker need not provide the pamphlet to a party who has, or may be reasonably assumed to have, received a copy of the 5. To advise the seller to seek expert advice on matters related to the transactions that are beyond the agent's expertise; pamphlet from another broker. 6. To maintain confidential information from or about the seller except under subpoena or court order, even after termination This pamphlet is informational only. Neither the pamphlet nor its delivery to you may be interpreted as evidence of intent to create an of the agency relationship; and agency relationship between you and a broker or a principal broker. 7. Unless agreed otherwise in writing, to make a continuous, good faith effort to find a buyer for the property, except that a seller's agent is not required to seek additional offers to purchase the property while the property is subject to a contract for sale. Real Estate Agency Relationships None of the above affirmative duties of an agent may be waived, except #7. The affirmative duty listed in #7 can only be waived An "agency" relationship is a voluntary legal relationship in which a licensed real estate broker or principal broker (the "agent"), by written agreement between seller and agent. agrees to act on behalf of a buyer or a seller (the "client") in a real estate transaction. Under Oregon law, a seller's agent may show properties owned by another seller to a prospective buyer and may list competing Oregon law provides for three types of agency relationships between real estate agents and their clients: properties for sale without breaching any affirmative duty to the seller.

Seller's Agent - Represents the seller only; Unless agreed to in writing, an agent has no duty to investigate matters that are outside the scope of the agent's expertise, Buyer's Agent - Represents the buyer only; including but not limited to investigation of the condition of property, the legal status of the title or the seller’s past conformance with Disclosed Limited Agent - Represents both the buyer and seller, or multiple buyers who want to purchase the same law. property. This can be done only with the written permission of both clients. Duties and Responsibilities of Buyer’s Agent The actual agency relationships between the seller, buyer and their agents in a real estate transaction must be acknowledged at the time an offer to purchase is made. Please read this pamphlet carefully before entering into an agency relationship with a real An agent, other than the seller’s agent, may agree to act as the buyer’s agent only. The buyer’s agent is not representing the seller, estate agent. even if the buyer’s agent is receiving compensation for services rendered, either in full or in part, from the seller or through the seller’s agent. Definition of “Confidential Information” An agent who represents only the buyer owes the following affirmative duties to the buyer, the other parties and the other parties’ agents involved in a real estate transaction: Generally, licensees must maintain confidential information about their clients. “Confidential information” is information communicated to a real estate licensee or the licensee’s agent by the buyer or seller of one to four residential units regarding the 1. To deal honestly and in good faith; real property transaction, including but not limited to price, terms, financial qualifications or motivation to buy or sell. “Confidential 2. To present all written offers, notices and other communications to and from the parties in a timely manner without regard information” does not mean information that: to whether the property is subject to a contract for sale or the buyer is already a party to a contract to purchase; and 3. To disclose material facts known by the agent and not apparent or readily ascertainable to a party. a. The buyer instructs the licensee or the licensee’s agent to disclose about the buyer to the seller, or the seller instructs the licensee or the licensee’s agent to disclose about the seller to the buyer; and A buyer’s agent owes the buyer the following affirmative duties: b. The licensee or the licensee’s agent knows or should know failure to disclose would constitute fraudulent representation. 1. To exercise reasonable care and diligence; Duties and Responsibilities of Seller’s Agent 2. To account in a timely manner for money and property received from or on behalf of the buyer; 3. To be loyal to the buyer by not taking action that is adverse or detrimental to the buyer’s interest in a transaction; Under a written listing agreement to sell property, an agent represents only the seller unless the seller agrees in writing to allow 4. To disclose in a timely manner to the buyer any conflict of interest, existing or contemplated; the agent to also represent the buyer. An agent who represents only the seller owes the following affirmative duties to the 5. To advise the buyer to seek expert advice on matters related to the transaction that are beyond the agent’s expertise; seller, the other parties and the other parties’ agents involved in a real estate transaction: 6. To maintain confidential information from or about the buyer except under subpoena or court order, even after termination of the agency relationship; and 7. Unless agreed otherwise in writing, to make a continuous, good faith effort to find property for the buyer, except that a 1. To deal honestly and in good faith; buyer’s agent is not required to seek additional properties for the buyer while the buyer is subject to a contract for 2. To present all written offers, notices and other communications to and from the parties in a timely manner without regard to purchase. whether the property is subject to a contract for sale or the buyer is already a party to a contract to purchase; and 3. To disclose material facts known by the agent and not apparent or readily ascertainable to a party; None of these affirmative duties of an agent may be waived, except #7. The affirmative duty listed in #7 can only be waived by written agreement between buyer and agent.

This form has been licensed for use solely by Nicholas Diamond pursuant to a Forms License Agreement with Oregon Real Estate Forms, LLC. Provided by Oregon Real Estate Forms, LLC 9/9/2013 www.orefonline.com OREF 042 This form has been licensed for use solely by Nicholas Diamond pursuant to a Forms License Agreement with Oregon Real Estate Forms, LLC. May not be reproduced without express permission of Oregon Real Estate Forms, LLC Page 2 of 3 Provided by Oregon Real Estate Forms, LLC 9/9/2013 www.orefonline.com OREF 042 May not be reproduced without express permission of Oregon Real Estate Forms, LLC Page 1 of 3 Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

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OREGON REAL ESTATE DISCLOSURE PAGE 16 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy. Under Oregon law, a buyer’s agent may show properties in which the buyer is interested to other prospective buyers without breaching an affirmative duty to the buyer.

Unless agreed to in writing, an agent has no duty to investigate matters that are outside the scope of the agent’s expertise, including but not limited to investigation of the condition of property, the legal status of the title or the seller’s past conformance with law.

Duties and Responsibilities of an Agent Who Represents More than One Client in a Transaction

One agent may represent both the seller and the buyer in the same transaction, or multiple buyers who want to purchase the same property, only under a written "Disclosed Limited Agency Agreement” signed by the seller and buyer(s).

Disclosed Limited Agents have the following duties to their clients: 1. To the seller, the duties listed above for a seller’s agent; and 2. To the buyer, the duties listed above for a buyer’s agent; 3. To both buyer and seller, except with express written permission of the respective person, the duty not to disclose to the other person: a. That the seller will accept a price lower or terms less favorable than the listing price or terms; b. That the buyer will pay a price greater or terms more favorable than the offering price or terms; or c. Confidential information as defined above.

Unless agreed to in writing, an agent has no duty to investigate matters that are outside the scope of the agent’s expertise.

When different agents associated with the same principal broker (a real estate licensee who supervises other agents) establish agency relationships with different parties to the same transaction, only the principal broker will act as a Disclosed Limited Agent for both buyer and seller. The other agents continue to represent only the party with whom the agents have already established an agency relationship unless all parties agree otherwise in writing. The principal real estate broker and the real estate licensees representing either seller or buyer shall owe the following duties to the seller and buyer:

1. To disclose a conflict of interest in writing to all parties; 2. To take no action that is adverse or detrimental to either party's interest in the transaction; and 3. To obey the lawful instruction of both parties.

No matter whom they represent, an agent must disclose information the agent knows or should know that failure to disclose would constitute fraudulent misrepresentation.

You are encouraged to discuss the above information with the licensee delivering this pamphlet to you. If you intend for that licensee, or any other Oregon real estate licensee, to represent you as a Seller's Agent, Buyer's Agent, or Disclosed Limited Agent, you should have a specific discussion with the agent about the nature and scope of the agency relationship. Whether you are a buyer or seller, you cannot make a licensee your agent without the licensee’s knowledge and consent, and an agent cannot make you their client without your knowledge and consent.

Michael Manougian 2014-10-14 19:51 GMT

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OREGON REAL ESTATE DISCLOSURE PAGE 17 The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy.