DEVELOPMENT OPPORTUNITY FOR SALE LAURELWOOD … Apartments package wCA.pdfReal Estate Investment...

REAL ESTATE INVESTMENT GROUP01.20.2017

REAL ESTATE INVESTMENT GROUP

2839 SW 2nd Avenue Portland OR, 97201

503.222.1655 (reception)503.274.6510 (fax)

DEVELOPMENT OPPORTUNITY FOR SALELAURELWOOD APARTMENTS

8050 SW BEAVERTON HILLSDALE HWY. PORTLAND OR

Licensed in the State of Oregon

George N. Diamond503.222.2178 (office)503.781.4764 (cell)

[email protected]

Nicholas G. Diamond503.222.2655 (office)503.887.8344 (cell)

[email protected]

FULLY ENTITLED 142-UNIT APARTMENT OPPORTUNITY

REAL ESTATE INVESTMENT GROUP The information contained herein has been obtained from sources we deem reliable. We cannot, however, guarantee its accuracy.



503.222.1655 (reception)503.274.6510 (fax)

APARTMENT DEVELOPMENT FOR SALELAURELWOOD APARTMENTS




[email protected]


[email protected]

Real Estate Investment Group is pleased to present the opportunity to purchase the Laurelwood Apartment devel-opment opportunity. The fully entitled142-unit development is located along Beaverton Hillsdale Highway and in close proximity to New Season’s Market, Fred Meyer, Starbucks, and Jesuit High School. Beaverton-Hillsdale High-way is a well established transportation corridor with direct access to downtown Portland as well as downtown Bea-verton without having to drive on a major highway. This is a unique opportunity to purchase an approved project

that is institutional size in the dense Raleigh Hills neighborhood of the Portland Metro area.

The property is 4.89 acres and is fully entitled for 142 units with 4 floors of wood frame construction, over tuck under parking. Although the property is located in Washington County, it has a Portland address.

Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offers, including, but not limited to (1) asset pricing, (2) due diligence and closing time

frame, (3) Earnest Money Deposit, (4) a description of the debt/equity structure, and (5) qualifications to close.

Offers should be delivered to the attention of George or Nicholas Diamond at the email address, street address, and/or fax number listed.

OFFERING MEMORANDUM

INVESTMENT SUMMARY Total Price: Price Per Unit:

$4,260,000 $30,000

Price Per SF: Projected Return on Cost:

$19.96 6.4%

Address: 8050 + 8060 SW Beaverton Hillsdale Hwy Portland OR 97225 Land Size: 4.89 Acres / 213,162 SF Total Number of Units: 142

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




LOCATION OVERVIEW

JESUITHIGH SCHOOL

25k

12k

25k24k





PROPERTY DETAILS

PROPOSED DEVELOPMENT Total Number of Units: Studio Units: 1 Bedroom / 1 Bath Units: 2 Bedroom / 2 Bath Units: 3 Bedroom / 2 Bath Units:

142 Units 26 Units 72 Units 42 Units 2 Units

PROPERTY DESCRIPTION Land Size: Address:

4.89 Acres / 213,162 SF 8050 + 8060 SW Beaverton Hillsdale Hwy

North Portion Zoning:

Portland OR 97225 CBD (313)

South Portion Zoning: R-25+ (307)





EXTERIOR RENDERING

LAURELWOODSW Beaverton Hillsdale Highway

Beaverton, ORYear Built 2015

Created November 11, 2014Units: 142 Modified June 22, 2015Price $35,265,000 Printed June 24, 2015

Estimated Closing Date 1-Jun-17Holding Period (# months) 60

Disposition Date 1-Jun-22Market

Units Beds Baths Sq. Ft. Rent/Unit Rent/sf Rent/Mo. Rent/Yr.18 0 1 WD 486 1,239$ 2.55$ 22,302$ 267,624$ 8 0 1 WD 698 1,456$ 2.09$ 11,648$ 139,776$

72 1 1 WD 705 1,473$ 2.09$ 106,056$ 1,272,672$ 2 2 2 WD 995 1,592$ 1.60$ 3,184$ 38,208$ 7 2 2 WD 1,003 1,605$ 1.60$ 11,235$ 134,820$ 3 2 2 WD 1,011 1,618$ 1.60$ 4,854$ 58,248$ 1 2 2 WD 1,012 1,619$ 1.60$ 1,619$ 19,428$ 2 2 2 WD 1,024 1,638$ 1.60$ 3,276$ 39,312$

20 2 2 WD 1,032 1,651$ 1.60$ 33,020$ 396,240$ 4 2 2 WD 1,127 1,691$ 1.50$ 6,764$ 81,168$ 1 2 2 WD 1,134 1,701$ 1.50$ 1,701$ 20,412$ 2 2 2 WD 1,195 1,737$ 1.45$ 3,474$ 41,688$ 2 2 2 WD 1,495 2,168$ 1.45$ 4,336$ 52,032$

142 111,858 $1,503 1.91$ 213,469$ 2,561,628$ Avg SF/Unit 788

GSR: Greystar BudgetRUBS: Greystar BudgetMisc. Income Greystar BudgetExpenses: Greystar Budget

Gross Scheduled Rent 2,630,888$ Plus: RUBS Per Unit/Mo $44.75 $76,261

Parking Income (145 spaces) Per Unit/Mo $77.64 $132,300Misc. Income Per Unit/Mo $31.58 $53,809

Annual Gross Income YEAR 1 $2,893,258Less: Vacancy (units) 5.09% Budget ($147,240)

Bad Debt 0.08% Budget ($2,443)Concessions 0.00% Budget $0Loss to Lease 2.09% Budget ($60,359)

Effective Gross Income $2,683,216Less: Expenses $8.22 /sf/yr ($919,675)

$6,477 /unit/yr34.28% of EGI

Effective Rent (just concessions)

Net Operating Income $1,763,541

Sale Price $35,265,000Gross Rent Multiplier @ AGI 12.19Capitalization Rate 5.00%Price per Unit $248,345Price Per Square Foot $315New Loan Int: 4.300% Amort: 30 $26,448,750Annual Debt Service $130,887 /mo. $1,570,648Proposed 2nd Loan Int: 0.000% Amort: 0 $0Annual Debt Service $0 /mo. $0Total Annual Debt Service $1,570,648Equity In $7,693,155Annual Cash Flow After Debt Service $192,893Cash on Cash Return 2.51%Loan to Value % 75%Debt Coverage (NOI/Debt Svc) 1.12Annual Principal Reduction $441,995Effective Annual Return 8.25%Principal Reduction + Cash Flow $634,888

EXPENSES% of EGI Per Unit Per Sq Ft Greystar Budget

Real Property Taxes 11.11% $2,100 $2.67 298,200Administration 1.17% $221 $0.28 31,354Contract Services 1.02% $193 $0.25 27,420Advertising 1.19% $224 $0.28 31,812Insurance 1.11% $210 $0.27 29,820On-Site Management 8.16% $1,542 $1.96 218,932Professional Management 3.00% $567 $0.72 80,490Utilities 4.82% $912 $1.16 129,464Repairs & Maintenance 0.89% $167 $0.21 23,760Turnover 0.73% $138 $0.18 19,623Reserves/Replacements 1.07% $203 $0.26 28,800

TOTAL EXPENSES 34.28% $6,477 $8.22 919,675

Expense/Sq. Ft. $8.22Exp./unit/yr $6,477Exp/u/before taxes $4,377As % of EGI 34.28%

For additional information, please call Scott Stehman at (503) 680-6561.

Disclaimer

Greystar Budget

PRICE ANALYSIS

These are pro-forma projections that estimate a possible financial result based on certain assumptions. Some of these assumptions inevitably will not materialize and unanticipated events and circumstances may occur that invalidate previous assumptions. Therefore, you should understand that our actual results could vary significantly from those reflected in this document. This document is provided for informational and discussion purposes only and is not, and may not be relied on in any manner as legal, business, financial, tax or

investment advice or as an offer to sell or a solicitation of an offer to buy an interest in the Property.

UNIT SIZES:





LAURELWOOD MULTIFAMILY RESIDENCESD EV E LO P M E N T G R O U P

360.216.7374

www.hoviss.com

415 NE Cedar Street

Camas, WA 98607

1ST FLOOR LOUNGE - VIEW TOWARDS FIREPLACE


360.216.7374

www.hoviss.com

415 NE Cedar Street

Camas, WA 98607

3RD FLOOR LOUNGE - VIEW TO UPPER BALCONY


360.216.7374

www.hoviss.com

415 NE Cedar Street

Camas, WA 98607

APARTMENT - OPTION A


360.216.7374

www.hoviss.com

415 NE Cedar Street

Camas, WA 98607

APARTMENT - OPTION A

INTERIOR RENDERINGS





SITE PLAN





SITE PLAN

INGRESS/EGRESS EASEMENT





AERIAL MAP

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AERIAL MAP

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PORTLAND




503.222.1655 (reception)503.274.6510 (fax)





[email protected]


[email protected]

DEMOGRAPHIC INFORMATION

Demographic Source: Applied Geographic Solutions 04/2016, TIGER Geography page 1 of 9©2016, Sites USA, Chandler, Arizona, 480-491-1112

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COMPLETE PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 45.4860/-122.7591RFULL9

8050 SW Beaverton Hillsdale Hwy1 mi radius 3 mi radius 5 mi radius

Portland, OR 97225

PopulationEstimated Population (2016) 12,020 113,258 348,328Projected Population (2021) 12,901 121,358 372,497Census Population (2010) 11,389 107,653 323,404Census Population (2000) 10,977 100,889 286,599

Projected Annual Growth (2016-2021) 881 1.5% 8,100 1.4% 24,170 1.4%Historical Annual Growth (2010-2016) 631 0.9% 5,605 0.9% 24,924 1.3%Historical Annual Growth (2000-2010) 412 0.4% 6,764 0.7% 36,805 1.3%

Estimated Population Density (2016) 3,827 psm 4,007 psm 4,437 psmTrade Area Size 3.1 sq mi 28.3 sq mi 78.5 sq mi

HouseholdsEstimated Households (2016) 5,591 49,387 157,071Projected Households (2021) 5,974 52,750 167,265Census Households (2010) 5,253 46,639 143,971Census Households (2000) 4,961 43,541 126,159

Projected Annual Growth (2016-2021) 383 1.4% 3,363 1.4% 10,195 1.3%Historical Annual Change (2000-2016) 630 0.8% 5,846 0.8% 30,912 1.5%

Average Household IncomeEstimated Average Household Income (2016) $92,266 $94,733 $93,961Projected Average Household Income (2021) $107,512 $113,211 $112,312Census Average Household Income (2010) $84,767 $81,765 $79,975Census Average Household Income (2000) $71,933 $70,223 $67,670

Projected Annual Change (2016-2021) $15,247 3.3% $18,477 3.9% $18,351 3.9%Historical Annual Change (2000-2016) $20,332 1.8% $24,511 2.2% $26,291 2.4%

Median Household IncomeEstimated Median Household Income (2016) $68,761 $74,299 $73,327Projected Median Household Income (2021) $75,191 $82,455 $81,340Census Median Household Income (2010) $59,427 $60,987 $59,694Census Median Household Income (2000) $53,197 $53,359 $52,706


Per Capita IncomeEstimated Per Capita Income (2016) $43,020 $41,408 $42,597Projected Per Capita Income (2021) $49,881 $49,301 $50,645Census Per Capita Income (2010) $39,099 $35,424 $35,603Census Per Capita Income (2000) $32,341 $30,181 $29,726

Projected Annual Change (2016-2021) $6,860 3.2% $7,893 3.8% $8,048 3.8%Historical Annual Change (2000-2016) $10,679 2.1% $11,227 2.3% $12,871 2.7%Estimated Average Household Net Worth (2016) $986,576 $1,008,507 $1,011,689


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Lat/Lon: 45.4860/-122.7591RFULL9


Portland, OR 97225

PopulationEstimated Population (2016) 12,020 113,258 348,328Projected Population (2021) 12,901 121,358 372,497Census Population (2010) 11,389 107,653 323,404Census Population (2000) 10,977 100,889 286,599

Projected Annual Growth (2016-2021) 881 1.5% 8,100 1.4% 24,170 1.4%Historical Annual Growth (2010-2016) 631 0.9% 5,605 0.9% 24,924 1.3%Historical Annual Growth (2000-2010) 412 0.4% 6,764 0.7% 36,805 1.3%

Estimated Population Density (2016) 3,827 psm 4,007 psm 4,437 psmTrade Area Size 3.1 sq mi 28.3 sq mi 78.5 sq mi

HouseholdsEstimated Households (2016) 5,591 49,387 157,071Projected Households (2021) 5,974 52,750 167,265Census Households (2010) 5,253 46,639 143,971Census Households (2000) 4,961 43,541 126,159

Projected Annual Growth (2016-2021) 383 1.4% 3,363 1.4% 10,195 1.3%Historical Annual Change (2000-2016) 630 0.8% 5,846 0.8% 30,912 1.5%

Average Household IncomeEstimated Average Household Income (2016) $92,266 $94,733 $93,961Projected Average Household Income (2021) $107,512 $113,211 $112,312Census Average Household Income (2010) $84,767 $81,765 $79,975Census Average Household Income (2000) $71,933 $70,223 $67,670


Median Household IncomeEstimated Median Household Income (2016) $68,761 $74,299 $73,327Projected Median Household Income (2021) $75,191 $82,455 $81,340Census Median Household Income (2010) $59,427 $60,987 $59,694Census Median Household Income (2000) $53,197 $53,359 $52,706


Per Capita IncomeEstimated Per Capita Income (2016) $43,020 $41,408 $42,597Projected Per Capita Income (2021) $49,881 $49,301 $50,645Census Per Capita Income (2010) $39,099 $35,424 $35,603Census Per Capita Income (2000) $32,341 $30,181 $29,726

Projected Annual Change (2016-2021) $6,860 3.2% $7,893 3.8% $8,048 3.8%Historical Annual Change (2000-2016) $10,679 2.1% $11,227 2.3% $12,871 2.7%Estimated Average Household Net Worth (2016) $986,576 $1,008,507 $1,011,689


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Lat/Lon: 45.4860/-122.7591RFULL9


Portland, OR 97225

HousingTotal Housing Units (2016) 5,718 50,787 162,477Total Housing Units (2010) 5,572 49,412 155,040Historical Annual Growth (2010-2016) 146 0.4% 1,375 0.5% 7,437 0.8%Housing Units Occupied (2016) 5,591 97.8% 49,387 97.2% 157,071 96.7%

Housing Units Owner-Occupied 2,924 52.3% 28,034 56.8% 80,283 51.1%Housing Units Renter-Occupied 2,667 47.7% 21,353 43.2% 76,788 48.9%

Housing Units Vacant (2016) 128 2.3% 1,400 2.8% 5,407 3.4%

Household Size (2016)Total Households 5,591 49,387 157,0711 Person Households 2,130 38.1% 16,157 32.7% 58,240 37.1%2 Person Households 1,920 34.3% 17,528 35.5% 53,092 33.8%3 Person Households 676 12.1% 7,011 14.2% 20,650 13.1%4 Person Households 587 10.5% 5,555 11.2% 16,127 10.3%5 Person Households 201 3.6% 2,064 4.2% 5,836 3.7%6 Person Households 47 0.8% 672 1.4% 1,973 1.3%7 or More Person Households 29 0.5% 401 0.8% 1,152 0.7%

Household Income Distribution (2016)HH Income $200,000 or More 668 11.9% 4,935 10.0% 15,701 10.0%HH Income $150,000 to $199,999 265 4.7% 3,571 7.2% 11,638 7.4%HH Income $125,000 to $149,999 409 7.3% 3,367 6.8% 9,927 6.3%HH Income $100,000 to $124,999 478 8.6% 4,304 8.7% 13,695 8.7%HH Income $75,000 to $99,999 640 11.5% 6,268 12.7% 20,116 12.8%HH Income $50,000 to $74,999 837 15.0% 7,682 15.6% 24,083 15.3%HH Income $35,000 to $49,999 852 15.2% 6,445 13.1% 18,822 12.0%HH Income $25,000 to $34,999 428 7.7% 4,064 8.2% 13,308 8.5%HH Income $15,000 to $24,999 530 9.5% 4,105 8.3% 12,596 8.0%HH Income $10,000 to $14,999 238 4.3% 2,326 4.7% 6,999 4.5%HH Income Under $10,000 245 4.4% 2,321 4.7% 10,184 6.5%

Household Vehicles (2016)Households 0 Vehicles Available 515 9.2% 4,278 8.7% 20,104 12.8%Households 1 Vehicle Available 2,165 38.7% 17,417 35.3% 60,169 38.3%Households 2 Vehicles Available 2,101 37.6% 20,483 41.5% 56,870 36.2%Households 3 or More Vehicles Available 809 14.5% 7,209 14.6% 19,927 12.7%

Total Vehicles Available 9,014 82,317 239,860Average Vehicles per Household 1.6 1.7 1.5

Owner-Occupied Household Vehicles 5,902 65.5% 55,516 67.4% 153,944 64.2%Average Vehicles per Owner-Occupied Household 2.0 2.0 1.9Renter-Occupied Household Vehicles 3,112 34.5% 26,801 32.6% 85,916 35.8%Average Vehicles per Renter-Occupied Household 1.2 1.3 1.1

Travel Time (2010)Worker Base Age 16 years or Over 5,415 52,495 160,105Travel to Work in 14 Minutes or Less 1,243 23.0% 13,090 24.9% 40,318 25.2%Travel to Work in 15 to 29 Minutes 2,270 41.9% 22,077 42.1% 65,931 41.2%Travel to Work in 30 to 59 Minutes 1,352 25.0% 11,682 22.3% 36,720 22.9%Travel to Work in 60 Minutes or More 139 2.6% 2,119 4.0% 6,296 3.9%Work at Home 411 7.6% 3,526 6.7% 10,840 6.8%

Average Minutes Travel to Work 21.3 20.6 20.5

Demographic Source: Applied Geographic Solutions 04/2016, TIGER Geography page 7 of 9©2016, Sites USA, Chandler, Arizona, 480-491-1112Th

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Lat/Lon: 45.4860/-122.7591RFULL9


Portland, OR 97225

Transportation To Work (2010)Worker Base Age 16 years or Over 5,415 52,495 160,105Drive to Work Alone 3,754 69.3% 37,146 70.8% 107,945 67.4%Drive to Work in Carpool 398 7.3% 3,858 7.3% 11,972 7.5%Travel to Work by Public Transportation 448 8.3% 4,613 8.8% 14,460 9.0%Drive to Work on Motorcycle 32 0.6% 216 0.4% 663 0.4%Bicycle to Work 51 1.0% 753 1.4% 3,020 1.9%Walk to Work 319 5.9% 2,058 3.9% 10,110 6.3%Other Means 2 - 325 0.6% 1,095 0.7%Work at Home 411 7.6% 3,526 6.7% 10,840 6.8%

Daytime Demographics (2016)Total Businesses 685 6,813 25,591Total Employees 4,850 52,495 298,097Company Headquarter Businesses - - 34 0.5% 220 0.9%Company Headquarter Employees - - 2,197 4.2% 36,736 12.3%

Employee Population per Business 7.1 to 1 7.7 to 1 11.6 to 1Residential Population per Business 17.6 to 1 16.6 to 1 13.6 to 1Adj. Daytime Demographics Age 16 Years or Over 8,549 84,326 397,140

Labor ForceLabor Population Age 16 Years or Over (2016) 10,089 93,451 290,495

Labor Force Total Males (2016) 4,738 47.0% 45,109 48.3% 143,547 49.4%Male Civilian Employed 3,310 69.9% 32,109 71.2% 101,643 70.8%Male Civilian Unemployed 99 2.1% 1,473 3.3% 4,860 3.4%Males in Armed Forces - - 44 0.1% 169 0.1%Males Not in Labor Force 1,329 28.1% 11,483 25.5% 36,874 25.7%

Labor Force Total Females (2016) 5,351 53.0% 48,342 51.7% 146,948 50.6%Female Civilian Employed 3,080 57.6% 29,466 61.0% 89,602 61.0%Female Civilian Unemployed 167 3.1% 1,325 2.7% 3,819 2.6%Females in Armed Forces - - - - 38 - Females Not in Labor Force 2,104 39.3% 17,550 36.3% 53,489 36.4%

Unemployment Rate 4,738 2.6% 45,109 3.0% 143,547 3.0%

Labor Force Growth (2010-2016) 945 17.3% 7,798 14.5% 28,452 17.5%Male Labor Force Growth (2010-2016) 442 15.4% 4,452 16.1% 17,150 20.3%Female Labor Force Growth (2010-2016) 503 19.5% 3,347 12.8% 11,302 14.4%

Occupation (2010)Occupation Population Age 16 Years or Over 5,446 53,777 162,793

Occupation Total Males 2,868 52.7% 27,657 51.4% 84,493 51.9%Occupation Total Females 2,578 47.3% 26,119 48.6% 78,300 48.1%

Management, Business, Financial Operations 1,190 21.9% 10,633 19.8% 32,452 19.9%Professional, Related 1,830 33.6% 15,167 28.2% 46,853 28.8%Service 632 11.6% 8,415 15.6% 24,119 14.8%Sales, Office 1,286 23.6% 12,789 23.8% 39,827 24.5%Farming, Fishing, Forestry 25 0.5% 296 0.6% 793 0.5%Construction, Extraction, Maintenance 232 4.3% 2,610 4.9% 7,376 4.5%Production, Transport, Material Moving 251 4.6% 3,866 7.2% 11,374 7.0%

White Collar Workers 4,306 79.1% 38,589 71.8% 119,131 73.2%Blue Collar Workers 1,140 20.9% 15,187 28.2% 43,662 26.8%





Nike

Blue Ribbon Sports founded in 1964, in Eugene Oregon, took on the name Nike in 1971 when they prepared to launch their own line of footwear. As they expanded, they began manufac-turing apparel for a variety of sports, and moved their headquarters to an eight building campus in Beaverton, Oregon. The campus has expanded to 35 buildings and employs 8,000 people in the state of Oregon.

Intel

Intel was founded on a vision for semiconductor memory products in 1968 by scientists Robert Noyce and Gordon Moore, and in 1971 they had introduced the world’s first microprocessor. Intel has 82,500 em-ployees worldwide, 16,250 of which are locally based at the company’s Ronler Acres Campus in Hillsboro, OR is undergoing a 3.6 million SF expansion that will bring in 1,000 additional employees.

BUSINESS HIGHLIGHTS

Intel Providence Health System Oregon Health Sciences University

Fred Meyer (Kroger) Legacy Health Systems Nike

Kaiser Permanente

18,600 16,139 14,963

10,813 8,700 8,500

11,898

Leading Employers

Portland Public Schools 6,135 Multnomah County City of Portland Beaverton School District

Portland Community College

Wells Fargo

US Bank

PeaceHealth Southwest Medical Center

5,995 5,481 4,637

3,906

4,527

3,757

4,446

United States Postal Service 3,533

US Department of Veterans Affairs Vancouver School District

Portland State University 3,378 3,300

3,418

Evergreen Public Schools 3,292

New Seasons Market TriMet

Daimier Trucks North America 3,000 2,645

3,000

Hillsboro School District 2,539 Portland General Electrict 2,280 * Source: Portland Business Journal “2015-16 Book of Lists”




503.222.1655 (reception)503.274.6510 (fax)





[email protected]


[email protected]

BUSINESS HIGHLIGHTS

Columbia Sportswear

Columbia Sportswear began as a family owned hat distributor in 1938 with Paul and Marie Lamfrom. In 1960 Columbia began its transforma-tion into the outdoor apparel compa-ny we know today. Columbia started manufacturing their own products, offering interchangable shells and liners, and advancing fabric technol-ogies. To accomodate for growth, the company moved their headquarters to Beaverton.

OHSU

Oregon Health Sciences University is a public university, with two main campuses, in Portland and Beaver-ton. Under its original name, OHSU began in 1860 as the Willamette University School of Medicine. The Portland campus on Marquam Hill, housing two associated hospitals, is expanding in the South Waterfront, easily accessible via the Aerial Tram. The Beaverton campus is home to primarily graduate level work.

Kaiser Permanente

Kaiser Permanente was founded by Henry J. Kaiser, an industrialist, and Sidney Garfield, a physician, in 1945. Today Kaiser Permanente has 8.9 million health plan members, nearly 170,000 employees, almost 15,000 physicians, 37 medical centers, and 611 medical offices. Westside Medical Center in Hills-boro is Oregon’s first new full-service community hospital in over 40 years, which created 1,000 new jobs.




503.222.1655 (reception)503.274.6510 (fax)





[email protected]


[email protected]

Tektronix Inc.

Tektronix was founded in 1946 when C. Howard Vollum and Melvin J. Mur-dock invented the world’s first time base triggered oscilloschope. Now the company has 697 patents, and is considered a world leader in test, measurement, and minitoring tech-nology. In 1956 Tektronix purchased land in Beaverton and built the headquarters campus that employs approximately 2,000 today.

Tuality Healthcare

Tuality Healthcare is a local, indepen-dent, community governed hospital offering quality medical care to the Portland area, which began in 1918 with a six bed hospital and a commit-ment to patient care by Minnie Jones Coy. In 1954 Jones Hospital became Tuality Community Hospital and remains a non-profit institution em-ploying a staff of over 1,200 includ-ing 300 doctors and other health care professionals.

Maxim Integrated Products

Maxim Integrated began in 1983 with Jack Gifford and IC industry ex-perts, all with varying experience in semiconductor design and sales. As a company, Maxim channels its exper-tise to stretch the limits of technology and create innovative, award-win-ning, and market leading products. Maxim serves over 35,000 customers worldwide and employs over 9,000, 1,500 of which are locally based.

BUSINESS HIGHLIGHTS




8050 SW BEAVERTON HILLSDALE HWY. PORTLAND OR OREGON REAL ESTATE INITIAL AGENCY DISCLOSURE PAMPHLET - OAR 863-015-215 (4)

Consumers: This pamphlet describes the legal obligations of Oregon real estate licensees to consumers. Real estate brokers and principal real estate brokers are required to provide this information to you when they first contact you. A licensed real estate broker or principal broker need not provide the pamphlet to a party who has, or may be reasonably assumed to have, received a copy of the pamphlet from another broker.This pamphlet is informational only. Neither the pamphlet nor its delivery to you may be interpreted as evidence of intent to create an agency relationship between you and a broker or principal broker.

Real Estate Agency RelationshipsAn “agency” relationship is a voluntary legal relationship in which a licensed real estate broker or principal broker (the “agent”), agrees to act on behalf of a buyer or a seller (the “client”) in a real estate transaction.

Oregon law provides for three types of agency relationships between real estate agents and their clients: Seller’s Agent - Represents the seller only;Buyer’s Agent - Represents the buyer only;Disclosed Limited Agent - Represents both the buyer and seller, or multiple buyers who want to purchase the same prop-erty, this can be done only with the written permission of both clients.

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 pam-phlet carefully before entering into an agency relationship with a real estate agent.

OREGON AGENCY DISCLOSURE

received from or on behalf of the seller;3. To be loyal to the seller by not taking action that is adverse or detrimental to the seller’s interest in a transaction;4. To disclose in a timely manner to the seller any conflict of interest, existing, or contemplated;5. To advise the seller to seek expert advice on matters related to the transactions that are beyond the agent’s expertise;6. To maintain confidential information from or about the seller except under subpoena or court order, even after termination of the agency relationship; and7. 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.

None of the above affirmative duties of an agent may be waived, except #7. The affirmative duty listed in #7 can only be waived by written agreement between seller and agent.

Under Oregon law, a seller’s agent may show properties owned by another seller to a prospective buyer and may list competing properties for sale without breaching any affirmative duty to the seller.

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 confor-mance with law.

Duties and Responsibilities of Buyer’s AgentAn agent, other than the seller’s agent, may agree to act as the buyer’s agent is not representing the seller, even if the buyer’s agent is receiving compensation for services rendered, either in

Definition of “Confidential Informaion”Generally, licensees must maintain confidential information about their clients. “Confidential information” is information communicated to a real estate licensee’s agent by the buyer or seller of one to four residential units regarding the real property transaction, including but not limited to price, terms, financial qualifications, or motivation to buy or sell. “Confidential infor-mation” does not mean information that:

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; andB. The licensee or the licensee’s agent knows or should know failure to disclose would constitute fraudulent representation.

Duties and Responsibilities of Seller’s AgentUnder a written listing agreement to sell property, an agent rep-resents only the seller unless the seller agrees in writing to allow the agent to also represent the buyer. An agent who represents only the seller owes the following affirmative duties to the seller, the other parties and the other parties’ agents involved in a real estate transaction:

1. To deal honestly and in good faith;2. To present all written offers, notices, and other communica-tions to and from the parties in a timely manner without regard to whether the property is subject to a contract for sale or the buyer is already a party to a contract to purcahse; and3. To disclose material facts known by the agent and not appar-ent or readily ascertainable to a party.

A seller’s agent owes the seller the following affirmative duties;1. To exercise reasonable care and diligence;2. To account in a timely manner for money and property




8050 SW BEAVERTON HILLSDALE HWY. PORTLAND OR full or in part, from the seller or through the seller’s agent.

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:

1. To deal honestly and in good faith;2. To present all written offers, notices, and other communica-tions to and from the parties in a timely manner without regard to whether the property is subject to a contract for sale or the buyer is already a party to a contract to purchase; and3. To disclose material facts known by the agent and not appar-ent or readily ascertainable to a party.

A buyer’s agent owes the buyer the following affirmative duties:

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 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;4. To disclose in a timely manner to the buyer any conflict of interest, existing or contemplated;5. To advise the buyer to seek expert advice on matters related to the transaction that are beyond the agent’s expertise;6. To maintain confidential information from or about the buyer except under subpoena or court order, even after termination of the agency relationship; and7. Unless agreed otherwise in writing, to make a continuous, good faith effort to find property for the buyer, except that a buyer’s agent is not required to seek additional properties for the buyer while the buyer is subject to a contract for purchase.

None of these affirmative duties of an agent may be waived, except 7. The affirmative duty listed in #7 can only be waived

OREGON AGENCY DISCLOSURE

by written agreement between buyer and agent.

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 confor-mance with law.

Duties and Responsibilities of an Agent Who Represents More than One Client in a TransactionOne agent may represent both the seller and thebuyer 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; and2. To the buyer, the duties listed above for a buyer’s agent;3. To both buyer and seller, except with express written per-mission 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 favor-able than the listing price or terms;B. That the buyer will pay a price greater or terms more favor-able than the offering price or terms; orC. 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 inerest in the transaction; and3. To obey the lawful instruction of both parties.

No matter whom they represent, an agent must disclose infor-mation 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 esate 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 licens-ee your agent without the licensee’s knowledge and consent, and an agent cannot make you their client without your knowledge and consent.

Confidentiality Agreement for the Laurelwood Apartment Development This Confidentiality Agreement (“Agreement”) is made and agreed to by (“Prospective Buyer”) Real Estate Investment Group (“Broker”), and Raleigh Hills Development, An Oregon Limited Liability Company (“Owner”), regarding the property known as 8050 Beaverton Hillsdale Highway, Beaverton Oregon(“Property”).

Prospective Buyer has requested information from Owner regarding the Property, The Owner of the property has authorized the delivery of information concerning the Property, much of which is highly confidential, only to those potential purchasers who sign this Agreement.

The Parties Agree, in consideration of the covenants and agreements contained herein, as follows:

1. Buyer will not disclose, permit the disclosure of, release, disseminate or transfer, any information obtained hereunder (“Information”) to any other person or entity.

2. If Prospective Buyer is a corporation, partnership, limited liability company or other non-natural legal entity, the person(s) signing this Agreement on its behalf will take all appropriate precautions to limit the dissemination of the Information only to those persons within the entity who have need to know of the information, and who are specifically aware of the Agreement and agree to honor it.

3. This Agreement applies to all Information received from Owner, now or in the future, which is not readily available to the general public. Prospective Buyer understands that all information shall be deemed confidential, valuable and proprietary such that its unauthorized disclosure, even without intent to harm, could cause substantial and irreparable harm to Owner.

4. Potential Buyer understands and acknowledges that neither Owner, Broker nor any Owner/Broker Related Party makes any representation or warranty as to the accuracy or completeness of the Information or the condition of the Property in any manner. The Potential Buyer further understands and acknowledges that the information used in the preparation of the Information was furnished by Owner and has not been independently verified by Broker, and is not guaranteed as to completeness or accuracy. Potential Buyer agrees that neither Owner, Broker, nor any Owner/Broker Related Party shall have any liability for any reason to the Potential Buyer or any of its representatives or Related Parties resulting from the use of the Information by any person in connection with the sale of, or other investments by Potential Buyer in the Property whether or not consummated for any reason. Neither Owner, Broker nor any Owner/Broker Related Party is under any obligation to notify or provide any further information to Potential Buyer or any Related Party if either Owner or Broker becomes aware of any inaccuracy, incompleteness or change in the Information. The undersigned acknowledges that neither Owner, Broker, has made any representation or warranty as to the accuracy or completeness of the Information, or the suitability of the information contained therein for any purpose whatever, and any representation or warranty in connection therewith is hereby expressly excluded. The Information provided to the undersigned are subject to, among other things, correction of errors and omissions, additions or deletion of terms, and withdrawal upon notice. The undersigned agrees that neither Owner, Broker, nor any Owner/Broker Related Party shall have any liability to Potential Buyer and/or any Related Party resulting from the delivery to, or use by the undersigned of the Information or otherwise with respect thereto. Potential Buyer and Related Parties shall rely only their own due diligence and investigation of the Property, including but not limited to any financial, title, environmental, physical, tenant or any other matters.

5. The Persons signing on behalf of the parties represent that they have the authority to bind the party for whom they sign.

6. The Information shall continue to be the property of the Owner and Broker. The Information will be used by the Potential Buyer solely for the purpose of evaluating the possible acquisition of the Property and not for any purpose unrelated to the possible acquisition of the Property. The Information may not be copied or duplicated

without the Owner's and Broker’s prior written consent, and must be returned to Broker (or with Broker’s permission, destroyed by Potential Buyer and any Related Party, and in such instance Potential Buyer shall certify in writing to Broker and Owner that such information has been so destroyed) immediately upon request or when the Potential Investor declines to make an offer for the Property or terminates any discussions or negotiations with respect to the Property.

7. Potential Buyer is a principal and not an agent of or acting on behalf of any other party in connection with the purchase of the Property. Potential Buyer will not look to Broker or to Owner for any brokerage commission, finder’s fee, or other compensation in connection with the sale of the Property or any interest therein. Potential Buyer shall indemnify and hold Owner and Broker and their respective officers, directors, shareholders, partners, members, employees, agents and representatives and any affiliate, successor or assign thereof (collectively, the “Owner/Broker Related Parties”), harmless from and against any and all claims, causes of action, damages, suits, demands, liabilities, fines, fees, costs and expenses (including, but not limited to, court costs and attorney’s fees) of any kind, nature or character relating to the Property by any agents or brokers resulting from (i) any failure by Potential Buyer or any Related Party to disclose any relationship Potential Buyer may have with respect to any broker or other intermediary, (ii) any failure by Potential Buyer to pay any amounts claimed by any broker or other intermediary (including, without limitation, any Potential Buyer’s Representative), other than Real Estate Investment Group, in connection with the marketing or sale of the Property and (iii) any breach or default hereunder by Potential Buyer and/or any deemed breach or default hereunder by any Related Party.

8. Potential Investor acknowledges that the Property has been offered for sale subject to withdrawal of the Property from the market at any time or rejection of any offer because of the terms thereof, or for any other reason whatsoever, without notice, as well as the termination of discussions with any party at any time without notice for any reason whatsoever.

9. In the event that Potential Buyer and/or any Related Party fails to comply with the terms and conditions of this Agreement, Potential Buyer and such Related Party may be liable to Owner and/or Broker for such breach, Owner and/or Broker shall be entitled to exercise any right, power, or remedy available at law or in equity for such breach. Without prejudice to any other rights or remedies that Owner and/or Broker may have with respect to any breach by Potential Buyer and/or any Related Party, Potential Buyer on behalf of its and any Related Party, hereby acknowledges and agrees that (a) damages would not be an adequate remedy for any breach of the terms of this Agreement by Potential Buyer and/or any Related Party, (b) it is not aware of and will not seek to advance any reason why Owner and/or Broker should not be entitled to the remedies of injunction, specific performance and other equitable relief for any threatened or actual breach of the terms of this Agreement by Potential Buyer and/or any Related Party and (c) no proof of special damages shall be necessary for the enforcement of the terms of this Agreement.

10. This Agreement shall be governed and construed in accordance with the laws of the State of Oregon and remain in full force and effect for a period of 2 years from Potential Buyer signing this agreement.

Potential Buyer:

Signature:

Title:

Date:

Company:

Email:

Phone:

Address:

City, State, Zip:

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