WESTBROOK APARTMENTS 48 Units • Beaverton, OFFERING MEMORANDUM INVESTMENT SUMMARY Westbrook Apartments is a well-located 48- room. There is laundry available on site, and unit apartment community in Beaverton, some units include a washer/dryer. Residents PROPERTY HIGHLIGHTS Oregon. The asset is a block from the Tualatin can rent garages. Select units have been • More than $2 million in exterior Hills Nature Park and a mile from the Elmonica/ updated with new kitchen cabinetry, faux- SW 170th Avenue MAX Station and transit wood vinyl flooring, and new lighting. improvements center. The Nike world headquarters campus • Generous floor plans is approximately two miles away. Westbrook More than two million dollars has been spent • Numerous exterior updates on improvements at Westbrook Apartments Apartments’ exceptional location and balanced • On-site laundry unit mix of two- and three-bedroom apartments including an envelope replacement (roofs, creates an attractive investment opportunity. siding, windows, decks, and doors), seal coat • Garages for rent and interior updates. • Private deck or patio with each unit Westbrook’s apartments are spacious, • Walk-in closets averaging 975 sq ft. Each two- and three- Westbrook Apartments’ current rents average bedroom apartment has a walk-in closet and a $1,188 per unit or $1.22 per sq ft. New leases • Updated interiors deck or patio that is an extension of the living signed in 2018 averaged $1,198 per unit.

2 HFO INVESTMENT REAL ESTATE EXECUTIVE SUMMARY ASSET SUMMARY Property Westbrook Apartments Location 17135 SW Heritage Court 1 2 1 2 Bedrooms City, State Beaverton, Oregon 97006 31 units County Washington 25.0% Total Units 48 3 Bedrooms 2 3 Bedrooms Year Built 1969 75.0% 12 units Stories 2 stories 2 Bedrooms Approx. NR Sq Ft 46,800 Average Sq Ft 975 Acreage 1.69 Density 28.42 units per acre

PRICE SUMMARY TOURS AND INQUIRIES Price $8,150,000 Rob Marton • [email protected] Price Per Unit $169,792 Greg Frick • [email protected] Per Square Foot $174 Cap Rate (Scheduled Rents) 5.38% 2424 SE 11th Avenue, Portland, Oregon 97214 www.hfore.com • (503) 241.5541 • Fax: (503) 241.5548 Please do not disturb tenants.

WESTBROOK APARTMENTS • 48 UNITS • BEAVERTON, OREGON 3 4 HFO INVESTMENT REAL ESTATE WESTBROOK APARTMENTS • 48 UNITS • BEAVERTON, OREGON 5 6 HFO INVESTMENT REAL ESTATE WESTBROOK APARTMENTS • 48 UNITS • BEAVERTON, OREGON 7 8 HFO INVESTMENT REAL ESTATE WESTBROOK APARTMENTS • 48 UNITS • BEAVERTON, OREGON 9 LOCATION

WASHINGTON VANCOUVER 18.9 miles (30 min.)

COLUMBIA RIVER

Portland International Airport Forest Park 99E 23.9 miles (38 min.) 26 OREGON

PORTLAND HILLSBORO 10.7 miles (20 min.) 6.0 miles (13 min.) 213 26 GRESHAM 8 32.8 miles (47 min.) BEAVERTON 10

Westbrook Apartments

217 210 TIGARD 224 8.1 miles (20 min.) LAKE OSWEGO 212 219 10.5 miles (21 min.) CLACKAMAS 21.7 miles (38 min.)

10 HFO INVESTMENT REAL ESTATE LIFESTYLE CONVENIENCES AND EMPLOYERS

Hillsboro Airport Cornelius Pass Rd Tanasbourne Town Center Orenco Station Employee Store

185th Ave Cornell Rd Brookwood Pkwy Walker Rd Sunset HILLSBORO High School

26 Baseline Rd

Providence St Vincent Medical Center

67th Ave Westbrook Apartments Cedar Hills Crossing Hillsboro High School BEAVERTON 8 Tualatin Hills River Rd Nature Park Rosedale Elementary Farmington St Beaverton School Aloha BEAVERTON Town Square High 170th Ave Beaverton School High School Murray Blvd 217 SW Hall Blvd

Red Tail Golf Center 10 Washington Square Southridge High School

WESTBROOK APARTMENTS • 48 UNITS • BEAVERTON, OREGON 11 BEAVERTON SUBMARKET OVERVIEW The City of Beaverton (pop. 97,514) is a major economic hub in the Portland metro area, along with being Portland’s second-largest suburb and the fifth-largest city in Oregon. Over the past two decades, Beaverton has attracted numerous high-tech businesses, and is one of Oregon’s fastest-developing areas. Between 2010 and 2018, the city’s population increased by 8.6%.

For those looking for job prospects, few 300 high-tech businesses who have made their by Multifamily NW. Housing options in cities are likely to offer more opportunities home in what is called the “Silicon Forest.” As an Beaverton include many apartment complexes than Beaverton, which is a 15-20 minute increasing number of high skilled workers are and urban-core condominiums near shops drive from downtown Portland. In 2015 and drawn to the area, Beaverton rents have been and MAX light-rail stations. Whether they are 2016, employment in Beaverton increased increasing, and are forecast to continue this drawn to Beaverton for the schools, shopping by 8.3%, faster than in all but a few dozen trend at a healthy pace. As of November 2018, or the outdoors, individuals and families will other U.S. cities. The national job growth rate Beaverton’s unemployment rate was 3.4%, find a wide range of opportunities to fit their over the same period was 3.5%. 24/7 Wall below Oregon’s statewide average of 3.9%. needs. With its stable, sustainable economy, Street ranked Beaverton #1 on its list of Best Beaverton remains attractive and poised for Places to Live for 2018 for the above average Nike is currently undergoing a major future growth. health of its residents and for the city’s many expansion rumored to cost approximately employment opportunities. $1 billion. It plans to open the last—and largest—of four new buildings in 2019. • 2018 All-America City Finalist Beaverton is a large, robust community that Nearby Intel recently completed their R4 • 2018 Best Place to Live for 2018 (24/7 Wall Street) is home to major companies such as Nike Inc. Building, a seven-story structure on its Ronler and Columbia Sportswear. Several high-tech Acres complex in Hillsboro. • Best Places to Live (Money Magazine) 2016, 2017 employers including Intel and Genentech are located along the Highway 26/Sunset Corridor, Like the Portland metro area, Beaverton has which includes nearby Hillsboro. The growing experienced historically low vacancies, with a tech hub west of Portland includes more than October 2018 vacancy rate of 3.5% reported

12 HFO INVESTMENT REAL ESTATE MAJOR RETAILERS Shopping in Beaverton is a great way to burn off those inevitable calories racked up while enjoying the city’s outstanding food and drink. Here is a quick tour of some of Washington County’s prime shopping destinations a short distance from Westbrook Apartments:

CEDAR HILLS CROSSING STREETS OF TANASBOURNE TANASBOURNE TOWN CENTER WASHINGTON SQUARE MALL (.6 miles from Westbrook Apartments) (5.4 miles from Westbrook Apartments) (5.5 Miles from Westbrook Apartments) (5.2 miles from Westbrook Apartments)

Cedar Hills Crossing, at 3205 Streets of Tanasbourne, at Tanasbourne Town Center, Washington Square Mall, at 9585 SW Cedar Hills Boulevard, is a 19350 NW Emma Way in Hillsboro, at Sunset Highway (US 26) and SW Washington Square Road, is sprawling retail complex featuring evokes the feeling of a classic NW 185th Avenue, is a regional anchored by Macy’s, Nordstrom Powell’s Books, McMenamins American downtown, with 55 shopping hub with nearly 570,000 and JCPenney department Pub, New Seasons Market, Sports stores, restaurants and services in square feet of retail. Its location stores. It also includes retailers Authority and Crafts Warehouse. a friendly, open-air environment. at the intersection of Highway 26 such as Abercrombie & Fitch, The Retailers include REI, Bath & and NW 185th make Tanasbourne Apple Store and Dick’s Sporting Body Works, Zumiez, Macy’s and Town Center one of the busiest Goods. The two-story mall is Banana Republic. retail centers in the Portland among Portland’s most popular metro area. National retailers can shopping centers. be found throughout the center including Target, Nordstrom Rack, ULTA and Trader Joe’s.

WESTBROOK APARTMENTS • 48 UNITS • BEAVERTON, OREGON 13 PORTLAND METRO SNAPSHOT PORTLAND REGION Oregon’s largest city, Portland, is near the confluence of the Willamette and Columbia Rivers. The Portland Metro Area consists of four counties: Multnomah, Washington, Clackamas, and Clark County, Washington.

APARTMENT MARKET DIVERSIFIED ECONOMY TOP 10 LISTS The Portland Metro Area consistently ranks Portland is home to the headquarters among the nation’s lowest for apartment of Fortune 500 companies Nike and Portland consistently receives glowing vacancy rates according to the U.S. Census Llithia Motors. Fortune 1000 companies reviews and rankings from the media. Bureau and other third-party services like REIS, headquartered here include Columbia MPF Research, and Axiometrics. The U.S. Census Sportswear, Greenbrier Cos. and Portland 2018 lists include: Bureau pegged Portland’s Q3 2018 vacancy General Electric. Fortune 500 companies • #1 Restaurant City of the Year (Bon Appetit) rate at 4.5% and the U.S. average at 7.1%. based outside Oregon with major operations • #1 Best Foodie City in America (Wallethub & here are Precision Castparts and Intel. Travelpulse) #6 (Jetsetter) REIS forecast 2018 Portland metro year-over- year rents growth at 3.0% and the Multifamily Tech and software companies continue to • #3 Healthiest City in the U.S. (Active.com) NW Apartment Report survey proved average relocate their operations here or open major • #4 Best City for Biking (Fast Company) October 2017-18 year-over-year rent growth outposts in Portland. These companies enjoy • #5 Best Bike City in America (Bicycling Magazine) at 3.3%. Portland’s educated workforce, affordable • #5 Fittest Cities in America (American College of high quality of life, and a low cost of doing Sports Medicine) SKILLED WORKFORCE & STRONG EMPLOYMENT business compared to the Bay Area. • #6 Best Place to Live in the U.S. (CNBC/U.S. News) In a 2018 WalletHub report comparing 150 of Companies which have opened major • #9 Top City for Entrepreneurs and Start-Ups the largest U.S. metros, Portland is listed as branches in Portland include Airbnb, Google, (Business.org) #23 (CNBC) the 15th most educated city in America. More Squarespace, Mozilla, Simple, Survey Monkey, • #10 Greenest City in America (Newsweek) than half of Multnomah County workers have SalesForce and New Relic, Inc. Portland’s tech • #10 Most Entrepreneurial State (Amazon.com) a college degree, well ahead of the national startup companies include Viewpoint, Jama average of 38.5%. Software, Thetus, Urban Airship, Acquia, • #15 Most Educated City in America (Wallethub) According to the State of Oregon’s Employment Elemental Technologies, Act-On, Puppet Labs, • #19 Best Large City in America, 59th best city Department, Portland enjoys one of the fastest and The Clymb. in the World (Best Cities.org) job growth rates in the Pacific Northwest, and the entire nation. Data indicates the area added 31,000 jobs in 2016, 28,000 jobs in 2017, and 29,000 in 2018.

14 HFO INVESTMENT REAL ESTATE PORTLAND MARKET SNAPSHOT MAJOR EMPLOYERS GOVERNMENT SPORTSWEAR HEALTHCARE AND RESEARCH The U.S. Federal Government is Portland Nike has its world headquarters in Beaverton metro’s overall largest employer, with 20,500 and employs 12,000 Portland-area residents. The Health services are another major employment workers. The State of Oregon gives employment company designs, develops and manufactures sector for the Portland area. The top healthcare to an additional 14,000 residents. footwear, apparel, equipment and accessories. employers in the area are Providence Health From here, Nike orchestrates production and Systems, with 17,543 employees, and The HIGH TECH & CHIP MANUFACTURING design for one of the world’s most recognizable Oregon Health Sciences University (OHSU), Attracted by the Portland area’s educated brands. In 2019 Nike will complete a $1 billion with 16,200 workers. OHSU is the recent workforce and relative low cost of doing expansion of its Washington County campus. recipient of a total of $1 billion in donations business, tech companies continue moving for cancer research from over 10,000 Oregon to Portland—opening major branches and, in Nike’s two key competitors have a major local donors. Grants from the National Institutes of some cases, relocating to the area entirely. presence as well. Those employers include the Health totaled $182.7 million in 2016. North American headquarters of Adidas’ with With over 19,300 employees, Intel is the area’s 1,200 employees, and a new 70,000 SF outpost MANUFACTURING largest private employer. Intel acquired its of Under Armour. Under Armour has moved In trucking and transportation, Daimler Trucks— first Portland location in 1974. The company 100 employees into an iconic former YMCA. with nearly 3,000 area workers—has big plans for is currently expanding its presence with the Portland area. The company recently spent forthcoming D1X microprocessor chip facilities $150 millions renovating its Portland facility and at the Ronler Acres Campus in Hillsboro. This is invests heavily in research and development, part of a five-year, $6 billion expansion, and including autonomous driving. is part of the company’s long-term plans for growth. Intel is the largest property taxpayer in Washington County, with payments of approximately $30 million a year.

Other notable Portland-area high-tech companies include ON Semiconductor and Tektronix.

WESTBROOK APARTMENTS • 48 UNITS • BEAVERTON, OREGON 15 JOB GROWTH BY INDUSTRY MSA PORTLAND According to the State of Oregon Employment Department, the Portland Metro region created jobs at the rate of 2.6% in 2018. Portland ranks 10th among the 50 largest metropolitan areas in the United States.

Among the influx of companies to the Portland metropolitan area— Portland Brewing, Powell’s Books, ZGF Architects, and two major West including many who have transplanted their world, North American or Coast law firms: Stoel Rives and Schwabe, Williamson & Wyatt. U.S. headquarters here—are Adidas, Daimler Trucks, KinderCare and Keen. Full time employment increased 2.2% in the past 12 months, an increase Other significant companied in the close-in Portland metro area include of 26,400 positions. Following is a list of net job growth by industry Umpqua Holdings, Weiden+Kennedy, NW Natural, PacifiCorp, PGE, New October 2017-October 2018: Seasons, Storables, McMenamins, McCormick & Schmick’s, Franz Bakery,

600

Transportation & Warehousing 700

Professional Business Services 1,100

Leisure & Hospitality 10,500

Healthcare & Social Assistance 4,000

Manufacturing 8,000

Construction 900

Financial Activities

16 HFO INVESTMENT REAL ESTATE TOP AREA EMPLOYERS

20,000 area employees 12,400 area employees 12,000 area employees Intel is the area’s largest private Kaiser has 35 medical facilities, In 2019 Nike wraps up a $1 billion employer. Recently, following a 16,658 area employees 18 dental offices and 1,400 expansion of its Beaverton world five year, $6 billion expansion, the doctors in the Pacific Northwest. headquarters. The company company unveiled vast, long- Oregon Health Sciences It employs more than 10,000 added 1.3 million square feet of term plans for future growth. University (OHSU) leads the in the Portland metro region office space and parking for 3,300 way in government-funded and serves 11.8 million vehicles. healthcare — and secures members nationally. Kaiser numerous grants for the is headquartered in Oakland, advancement of health sciences. California. OHSU recently acquired a $1 billion gift for cancer research.

Grants from the National Institutes of Health have held steady from around $184 million in 2011 to $219 million in 2017. 7,600 area employees With nearly 50,000 students, Portland Public Schools is Oregon’s largest district. Portland 18,286 area employees is currently in the midst of 11,250 area employees a massive voter-approved Providence is a non-profit high school and middle network of hospitals, health Legacy is a locally-owned school reconstruction and plans, physicians, clinics and nonprofit based in Portland, modernization program. related services. It operates in Oregon. It is the only health Alaska, Washington, Oregon, system covering the Portland/ In 2017 voters approved $790 Montana and California. It was 7,741 area employees Vancouver area south to Salem million in taxes to rebuild one originally founded by the Sisters Fred Meyer offers one-stop with multiple hospitals and a middle school and three high of Providence in Montreal shopping at 133 department hospital dedicated to exclusively schools. Quebec in 1843. stores in four western states. serving children.

WESTBROOK APARTMENTS • 48 UNITS • BEAVERTON, OREGON 17 OPERATIONS ANALYSIS Income Current Scheduled Rents Projected Operations Note Scheduled Gross Rent $684,180 $14,254 $727,200 $15,150 1 Less: Vacancy/Credit Loss ($34,209) ($713) -5.0% ($36,360) ($758) -5.0% 2 Less: Concessions ($3,421) ($71) -0.5% ($3,636) ($76) -0.5% 2 Net Rental Income $646,550 $13,470 $687,204 $14,317 Other Income $65,746 $1,370 $65,746 $1,370 3 Includes: Parking (Garages) $15,751 $328 $15,751 $328 Includes: Utility Billing (RUBs) $31,998 $667 56.5% $31,998 $667 56.5% Includes: Laundry $7,600 $158 $7,600 $158 Gross Operating Income $712,296 $14,839 $752,950 $15,686 Expenses Projected Operations Per Unit % GOI Projected Operations Per Unit % GOI Real Estate Taxes $40,427 $842 5.7% $40,427 $842 5.4% 4 Insurance $11,547 $241 1.6% $11,547 $241 1.5% 5 Total Utilities $67,967 $1,416 9.5% $67,967 $1,416 9.0% Administrative $13,915 $290 2.0% $13,915 $290 1.8% Advertising $3,726 $78 0.5% $3,726 $78 0.5% Fee Management $21,369 $445 3.0% $22,588 $471 3.0% 6 On-site Payroll $51,122 $1,065 7.2% $51,122 $1,065 6.8% Landscaping $9,228 $192 1.3% $9,228 $192 1.2% Maintenance/Repairs $27,120 $565 3.8% $27,120 $565 3.6% Turnover $15,389 $321 2.2% $15,389 $321 2.0% 7 Reserves $12,000 $250 1.7% $12,000 $250 1.6% 8 Total Expenses ($273,810) ($275,029) Expenses per Unit ($5,704) ($5,730) % of Gross Operating Income 38.4% 36.5% Net Operating Income (NOI) $438,486 $477,920

18 HFO INVESTMENT REAL ESTATE OPERATIONS ANALYSIS 1. RENTS Rents are based on a December 2018 rent roll. Current scheduled rents average $1,188 per unit or $1.22 per sq ft. The projected rents are based on highest achieved rents. Rents continued to show a positive trend with 2018 new move-ins averaging $1,198 per unit.

RENT ROLL ANALYSIS: SCHEDULED RENTS Lowest Highest Average Average Unit Type Unit Square Achieved Achieved % Diff Scheduled Scheduled Count Feet Rent Rent Rent Rent per Sq Ft 2 Bedroom / 1 Bathroom Classic 4 950 $1,099 $1,175 6.9% $1,119 $1.18 2 Bedroom / 1 Bathroom Updated 32 950 $999 $1,225 22.6% $1,137 $1.20 3 Bedroom / 2 Bathroom Classic 4 1,050 $1,250 $1,325 6.0% $1,286 $1.23 3 Bedroom / 2 Bathroom Updated 8 1,050 $1,275 $1,450 13.7% $1,375 $1.31 Totals / Averages 48 975 $1,156 $1,294 12.3% $1,188 $1.22

RENT ROLL ANALYSIS: MARKET RENTS Average Highest Average Highest Unit Square Scheduled Achieved % Unit Type Scheduled Achieved Rent per Rent per Change Count Feet Rent Rent Sq Ft Sq Ft 2 Bedroom / 1 Bathroom Classic 4 950 $1,119 $1.18 $1,225 $1.29 8.7% 2 Bedroom / 1 Bathroom Updated 32 950 $1,137 $1.20 $1,225 $1.29 7.2% 3 Bedroom / 2 Bathroom Classic 4 1,050 $1,286 $1.23 $1,375 $1.31 6.5% 3 Bedroom / 2 Bathroom Updated 8 1,050 $1,375 $1.31 $1,375 $1.31 0.0% Totals / Averages 48 975 $1,188 $1.22 $1,263 $1.29 5.9%

2. VACANCY, CONCESSIONS, Westbrook Apartments experienced above market-rate vacancy over the previous 12-months due, in part, to the AND BAD DEBT/RECOVERY renovations at the property. The projected operations stabilized the vacancy at 5.0%. The projected operations include an additional economic loss of 0.5% for concessions and bad debt. 3. OTHER INCOME Other Income includes administrative fees, month-to-month income, pet fees, laundry income and utility charges (RUBs). For the previous 12 months, other income totaled $65,746, the majority of which is from utility collections (RUBs). Westbrook Apartments implemented RUBs in 2017 and are now fully realized. Residents are charged approximately $56 per month for water, sewer, and a garage. The RUBs cover more than 55% of those total expenses.

WESTBROOK APARTMENTS • 48 UNITS • BEAVERTON, OREGON 19 OPERATIONS ANALYSIS

RENT TRENDS $1,195 -10.00%

-9.00% $1,190 $1,191 -8.00% $1,185 $1,188 -7.00% $1,180 -6.00% $1,181 $1,175 -5.00% Vacancy

$1,170 -4.00% Average Lease Rent Lease Average

-3.00% $1,165 $1,167 -2.00% $1,160 -1.00%

$1,155 0.00% November 2018 TTM November 2018 November 2018 Scheduled Rents T6-Months Annualized T3-Months Annualized

20 HFO INVESTMENT REAL ESTATE OPERATIONS ANALYSIS RENT RANGES BY UNIT TYPE CURRENT RENTS $1,550 Actual Rent 2-bedroom 3-bedroom (950 Sq Ft) (1,050 Sq Ft) $1,450 $999 1 $1,099 3 $1,100 3 $1,350 $1,125 9 $1,150 10 $1,250 $1,175 1 $1,200 2 Scheduled Rent $1,150 $1,225 2 $1,250 1 $1,275 2 $1,050 $1,295 1 $1,325 1 $950 $1,375 5 950 Sq Ft 1,050 Sq Ft 2-bedroom 3-bedroom $1,400 1 $1,450 1 Minimum Rent Average Rent Maximum Rent Total * 31 12 * Occupied, non-employee units only.

WESTBROOK APARTMENTS • 48 UNITS • BEAVERTON, OREGON 21 OPERATIONS ANALYSIS 4. PROPERTY TAXES Oregon’s property taxes are evaluated on a fiscal year starting July 1. Property tax values for the 2018-2019 tax year were published October 15. Projected operations include current taxes for the 2018-2019 property tax year.

Westbrook Apartments’ taxes increased 3.6% over 2017-2018. In Oregon, property taxes are not reassessed on sale and are limited to a 3.0% annual increase at the state level. Property taxes paid prior to November 1 each year receive a 3.0% discount. The gross property taxes for Westbrook Apartments, which are adjusted for the 3.0% discount, for the 2018-2019 tax year total $40,427 and are used in the projected operations. 5. INSURANCE Property insurance reflects the current policy premium of $11,547 annually or $241 per unit. 6. MANAGEMENT FEE The management fee has been adjusted to reflect costs for a property like Westbrook Apartments in the metro area that is managed by an independent, third-party management company. The management fee is projected at 3.0% of GOI (Gross Operating Income). 7. TURNOVER Turnover has been adjusted for painting costs, which are considered capital costs. The turnover expense represents costs for cleaning and make-ready processes in a unit and does not include capital expenditures. 8. RESERVES Lenders require reserves be set aside to address future capital costs associated with any property as it ages. The projected operations include reserves of $250 per unit or $12,000 annually.

22 HFO INVESTMENT REAL ESTATE OFFER TERMS PRICE SUMMARY QUESTIONS & TOUR REQUESTS: Price $8,150,000 Please do not disturb tenants. Price Per Unit $169,792 All tours and inquiries regarding Westbrook Apartments are to be Per Square Foot $174 directed to HFO Investment Real Estate at (503) 241.5541. Cap Rate (Scheduled Rents) 5.38% Greg Frick • [email protected]

Rob Marton • [email protected] ASSET SUMMARY Jack Stephens • [email protected] Property Westbrook Apartments Tyson Cross • [email protected] Location 17135 SW Heritage Court Lee Fehrenbacher • [email protected] City, State Beaverton, OR 97006 Todd Tully • [email protected] Total Units 48 Adam Smith • [email protected] Year Built 1969 Khari Gates • [email protected] Average Sq Ft 975 Average Rent $1,188 Investment Real Estate 2424 SE 11th Avenue Average Rent per Sq Ft $1.22 Portland, Oregon 97214 www.hfore.com (503) 241.5541 Fax: (503) 241.5548

Brokers licensed in the States of Oregon and Washington.

WESTBROOK APARTMENTS • 48 UNITS • BEAVERTON, OREGON 23 HFO Investment Real Estate Passion • Collaboration • Specialization

2424 SE 11th Avenue • Portland, OR 97214 www.hfore.com • 503.241.5541

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Parties who receive this information from unauthorized parties shall not be recognized. ©2019 HFO Investment Real Estate LLC. Build your legacy is a service mark of HFO Investment Real Estate. Licensed in the states of Oregon and Washington.