Reported Oct 20, 2026 · Source: LinkedIn
HFO Investment Real Estate sold D Street Salal Apartments, a 78-unit multifamily community with one commercial space in East Portland, for $8 million. Built in 2016, it serves households earning up to 60% of Area Median Income. The buyer and seller were not named. Source: LinkedIn.
Summarized from the article; the quoted lines below are from the article itself.
Read the full report at LinkedIn. What the article says:
Just Closed | D Street Salal Apartments – Portland, OR HFO Investment Real Estate is pleased to announce the successful $8 million sale of D Street Salal Apartments, a 78-unit multifamily community with one commercial space located in East Portland. Built in 2016, the property has operated as affordable housing serving households earning up to 60% of Area Median Income (AMI) through Portland’s Nonprofit Low-Income Housing Limited Tax Exemption (NPLTE) program. With long-term affordability at risk, identifying a buyer committed to preserving affordable housing was a key priority. HFO identified a nonprofit buyer with the experience and resources to maintain the property’s affordability while meeting the Seller’s objectives. The transaction highlights the importance of aligning investment goals with the long-term housing needs of the community. The result: a successful transaction supporting the preservation of existing affordable housing in the Portland region. Greg Frick, Adam Smith, Sarah Cowley, Lee Fehrenbacher, and Jack Stephens were involved in the transaction. #JustClosed #AffordableHousing #Multifamily #CommercialRealEstate #OregonRealEstate
Just Closed | D Street Salal Apartments – Portland, OR HFO Investment Real Estate is pleased to announce the successful $8 million sale of D Street Salal Apartments, a 78-unit multifamily community with one commercial space located in East Portland.
Article date: 2026-10-20T22:07:00.819Z
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