Kidder Mathews is pleased to announce the sale of Hood Apartments for $12,000,000. The 64-unit, newly constructed apartment building is located at 1833 SE 6th Street in Gresham, Oregon. Jordan Carter, Clay Newton, and Tyler Linn, a team of multifamily investment brokers at Kidder Mathews, exclusively represented the seller 550 SE Hogan Road, LLC, as well as the buyer Trion Properties, a California-based investment firm.
According to Carter, an executive vice president with Kidder Mathews, “Hood Apartments is one of Gresham’s newest multifamily assets and will provide a significant supply of sizable two-bedroom units to a submarket in need of more family-focused housing. The buyer purchased the property completely vacant – highlighting continued strong demand from investors for well-located, quality apartments in the Metro area,” said Carter.
Located in Gresham, Oregon’s fourth largest city, Hood Apartments was completed in September of 2020. The asset features 64 modern apartment homes across four buildings, located over an expansive property that showcases contemporary landscaping and design and a communal play structure.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with over 900 real estate professionals and staff in 22 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $9.6 billion in transactions, manages over 70.5 million square feet of space, and conducts over 1,680 appraisals annually. For more information, visit kidder.com.