ROYAL CREST - LoopNet...Royal Crest Apartments is a well-located 48-unit garden-court community in...

OFFERING MEMOR ANDUM48 Units • Beaverton, OregonROYAL CREST

INVESTMENT SUMMARYPROPERTY HIGHLIGHTS • Diverse unit mix• Numerous exterior updates• Landscaped courtyard• Courtyard living• Deck or patio with each unit• Carport parking• Seasonal outdoor pool and adjacent

leasing office• Weather-friendly, interior hallways

Royal Crest Apartments is a well-located 48-unit garden-court community in Beaverton, Oregon. The asset is located along Allen Boulevard less than 0.5 miles from Highway 217. Its location places Royal Crest convenient to Beaverton Town Square featuring a Fred Meyer and Trader Joe’s, and Washington Square Mall, the metro area’s largest regional mall.

Royal Crest’s apartments are centered around a landscaped courtyard which includes a leasing office and seasonal outdoor pool. The asset’s diverse unit mix includes one-, two- and three-bedroom units. Most of the apartments—approximately 50%--are two-bedroom floor

plans. All of the buildings have interior hallways with which residents access their front doors and outdoor decks or patios.

Royal Crest has completed several exterior improvements including new decks, paint, landscaping, windows, and roofing. The interiors are well-maintained with updated flooring, countertops and paint.

Royal Crest Apartments current rents average $1,149 per unit or $1.30 per sq ft. Highest achieved rents demonstrate average $1,195 demonstrating further updside potential

2 HFO INVESTMENT REAL ESTATE

EXECUTIVE SUMMARY

33.3%1 Bedrooms

50.0%2 Bedrooms

16.7%3 Bedrooms

ASSET SUMMARYProperty Royal Crest Apartments

Location 11700 SW Allen Boulevard

City, State Beaverton, Oregon 97005

County Washington

Total Units 48

Year Built 1969

Stories 2 stories

Approx. NR Sq Ft 42,376Average Sq Ft 883Acreage 2.22

Density 21.62 units per acre

PRICE SUMMARYPrice $6,990,000

Price Per Unit $145,625

Per Square Foot $165

Cap Rate (Scheduled Rents) 5.79%

Royal Crest Apartments has an existing loan to be assumed. See page 24 for a loan summary.

TOURS AND INQUIRIES Rob Marton • [email protected]

Greg Frick • [email protected]

2424 SE 11th Avenue, Portland, Oregon 97214www.hfore.com • (503) 241.5541 • Fax: (503) 241.5548

Please do not disturb tenants.

3ROYAL CREST • 48 UNITS • BEAVERTON, OREGON

LOCATION

COLUMBIA RIVER

26

26

Forest Park

WASHINGTON

OREGON

VANCOUVER

HILLSBORO

BEAVERTON

CLACKAMASLAKE OSWEGO

TIGARD

PORTLAND

GRESHAM

Portland International Airport

16.3 miles (28 min.)

9.3 miles (20 min.)

19.1 miles (36 min.)6.7 miles (11 min.)

5.6 miles (12 min.)

8.1 miles (15 min.)



217

210

219

213

224212

99E

8

10

Royal Crest

205

5

84


217

10

8 Tualatin Hills Nature Park

Providence St Vincent

Medical Center

Beaverton Town Square

Hillsboro High School

Aloha High School

Rosedale Elementary

School

Sunset High School

Southridge High School

Washington Square

Red Tail Golf Center

Tanasbourne Town Center

Orenco Station

Hillsboro Airport

BEAVERTON

HILLSBORO

BEAVERTON

Walker Rd

Baseline Rd

Cornell Rd

SW Hall Blvd

Murray Blvd

River Rd

Johnson St

Brookwood Pkwy

Cornelius Pass Rd

Farmington St

185th Ave

170th Ave

67th Ave

26

Cedar Hills Crossing

Employee Store

LIFESTYLE CONVENIENCES AND EMPLOYERS

Royal Crest


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%.

BEAVERTON SUBMARKET OVERVIEW

For those looking for job prospects, few cities are likely to offer more opportunities than Beaverton, which is a 15-20 minute drive from downtown Portland. In 2015 and 2016, employment in Beaverton increased by 8.3%, faster than in all but a few dozen other U.S. cities. The national job growth rate over the same period was 3.5%. 24/7 Wall Street ranked Beaverton #1 on its list of Best Places to Live for 2018 for the above average health of its residents and for the city’s many employment opportunities.

Beaverton is a large, robust community that is home to major companies such as Nike Inc. and Columbia Sportswear. Several high-tech employers including Intel and Genentech are located along the Highway 26/Sunset Corridor, which includes nearby Hillsboro. The growing tech hub west of Portland includes more than

• 2018 All-America City Finalist

• 2018 Best Place to Live for 2018 (24/7 Wall Street)

• Best Places to Live (Money Magazine) 2016, 2017

300 high-tech businesses who have made their home in what is called the “Silicon Forest.” As an increasing number of high skilled workers are drawn to the area, Beaverton rents have been increasing, and are forecast to continue this trend at a healthy pace. As of November 2018, Beaverton’s unemployment rate was 3.4%, below Oregon’s statewide average of 3.9%.

Nike is currently undergoing a major expansion rumored to cost approximately $1 billion. It plans to open the last—and largest—of four new buildings in 2019. Nearby Intel recently completed their R4 Building, a seven-story structure on its Ronler Acres complex in Hillsboro.

Like the Portland metro area, Beaverton has experienced historically low vacancies, with a October 2018 vacancy rate of 3.5% reported

by Multifamily NW. Housing options in Beaverton include many apartment complexes and urban-core condominiums near shops and MAX light-rail stations. Whether they are drawn to Beaverton for the schools, shopping or the outdoors, individuals and families will find a wide range of opportunities to fit their needs. With its stable, sustainable economy, Beaverton remains attractive and poised for future growth.


MAJOR RETAILERSShopping 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 Royal Crest:

STREETS OF TANASBOURNE(5.4 miles from Royal Crest)

Streets of Tanasbourne, at 19350 NW Emma Way in Hillsboro, evokes the feeling of a classic American downtown, with 55 stores, restaurants and services in a friendly, open-air environment. Retailers include REI, Bath & Body Works, Zumiez, Macy’s and Banana Republic.

TANASBOURNE TOWN CENTER (5.5 Miles from Royal Crest)

Tanasbourne Town Center, at Sunset Highway (US 26) and NW 185th Avenue, is a regional shopping hub with nearly 570,000 square feet of retail. Its location at the intersection of Highway 26 and NW 185th make Tanasbourne Town Center one of the busiest retail centers in the Portland metro area. National retailers can be found throughout the center including Target, Nordstrom Rack, ULTA and Trader Joe’s.

WASHINGTON SQUARE MALL (5.2 miles from Royal Crest)

Washington Square Mall, at 9585 SW Washington Square Road, is anchored by Macy’s, Nordstrom and JCPenney department stores. It also includes retailers such as Abercrombie & Fitch, The Apple Store and Dick’s Sporting Goods. The two-story mall is among Portland’s most popular shopping centers.

CEDAR HILLS CROSSING(.6 miles from Royal Crest)

Cedar Hills Crossing, at 3205 SW Cedar Hills Boulevard, is a sprawling retail complex featuring Powell’s Books, McMenamins Pub, New Seasons Market, Sports Authority and Crafts Warehouse.


APARTMENT MARKETThe Portland Metro Area consistently ranks among the nation’s lowest for apartment vacancy rates according to the U.S. Census Bureau and other third-party services like REIS, MPF Research, and Axiometrics. The U.S. Census Bureau pegged Portland’s Q3 2018 vacancy rate at 4.5% and the U.S. average at 7.1%.

REIS forecast 2018 Portland metro year-over-year rents growth at 3.0% and the Multifamily NW Apartment Report survey proved average October 2017-18 year-over-year rent growth at 3.3%.

SKILLED WORKFORCE & STRONG EMPLOYMENTIn a 2018 WalletHub report comparing 150 of the largest U.S. metros, Portland is listed as the 15th most educated city in America. More than half of Multnomah County workers have a college degree, well ahead of the national average of 38.5%.

According to the State of Oregon’s Employment Department, Portland enjoys one of the fastest 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.

TOP 10 LISTS

Portland consistently receives glowing reviews and rankings from the media.

2018 lists include: • #1 Restaurant City of the Year (Bon Appetit)

• #1 Best Foodie City in America (Wallethub & Travelpulse) #6 (Jetsetter)

• #3 Healthiest City in the U.S. (Active.com)

• #4 Best City for Biking (Fast Company)

• #5 Best Bike City in America (Bicycling Magazine)

• #5 Fittest Cities in America (American College of Sports Medicine)

• #6 Best Place to Live in the U.S. (CNBC/U.S. News)

• #9 Top City for Entrepreneurs and Start-Ups (Business.org) #23 (CNBC)

• #10 Greenest City in America (Newsweek)

• #10 Most Entrepreneurial State (Amazon.com)

• #15 Most Educated City in America (Wallethub)

• #19 Best Large City in America, 59th best city in the World (Best Cities.org)

DIVERSIFIED ECONOMYPortland is home to the headquarters of Fortune 500 companies Nike and Llithia Motors. Fortune 1000 companies headquartered here include Columbia Sportswear, Greenbrier Cos. and Portland General Electric. Fortune 500 companies based outside Oregon with major operations here are Precision Castparts and Intel.

Tech and software companies continue to relocate their operations here or open major outposts in Portland. These companies enjoy Portland’s educated workforce, affordable high quality of life, and a low cost of doing business compared to the Bay Area.

Companies which have opened major branches in Portland include Airbnb, Google, Squarespace, Mozilla, Simple, Survey Monkey, SalesForce and New Relic, Inc. Portland’s tech startup companies include Viewpoint, Jama Software, Thetus, Urban Airship, Acquia, Elemental Technologies, Act-On, Puppet Labs, and The Clymb.

PORTLAND REGIONOregon’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.

PORTLAND METRO SNAPSHOT


GOVERNMENTThe U.S. Federal Government is Portland metro’s overall largest employer, with 20,500 workers. The State of Oregon gives employment to an additional 14,000 residents.

HIGH TECH & CHIP MANUFACTURINGAttracted by the Portland area’s educated workforce and relative low cost of doing business, tech companies continue moving to Portland—opening major branches and, in some cases, relocating to the area entirely.

With over 19,300 employees, Intel is the area’s largest private employer. Intel acquired its first Portland location in 1974. The company is currently expanding its presence with forthcoming D1X microprocessor chip facilities at the Ronler Acres Campus in Hillsboro. This is part of a five-year, $6 billion expansion, and 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.

SPORTSWEARNike has its world headquarters in Beaverton and employs 12,000 Portland-area residents. The company designs, develops and manufactures footwear, apparel, equipment and accessories. From here, Nike orchestrates production and design for one of the world’s most recognizable brands. In 2019 Nike will complete a $1 billion expansion of its Washington County campus.

Nike’s two key competitors have a major local presence as well. Those employers include the North American headquarters of Adidas’ with 1,200 employees, and a new 70,000 SF outpost of Under Armour. Under Armour has moved 100 employees into an iconic former YMCA.

HEALTHCARE AND RESEARCH

Health services are another major employment sector for the Portland area. The top healthcare employers in the area are Providence Health Systems, with 17,543 employees, and The Oregon Health Sciences University (OHSU), with 16,200 workers. OHSU is the recent recipient of a total of $1 billion in donations for cancer research from over 10,000 Oregon donors. Grants from the National Institutes of Health totaled $182.7 million in 2016.

MANUFACTURINGIn trucking and transportation, Daimler Trucks—with nearly 3,000 area workers—has big plans for the Portland area. The company recently spent $150 millions renovating its Portland facility and invests heavily in research and development, including autonomous driving.

PORTLAND MARKET SNAPSHOTMAJOR EMPLOYERS


Among the influx of companies to the Portland metropolitan area—including many who have transplanted their world, North American or U.S. headquarters here—are Adidas, Daimler Trucks, KinderCare and Keen.

Other significant companied in the close-in Portland metro area include Umpqua Holdings, Weiden+Kennedy, NW Natural, PacifiCorp, PGE, New Seasons, Storables, McMenamins, McCormick & Schmick’s, Franz Bakery,

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.

JOB GROWTH BY INDUSTRYMSA PORTLAND

8,000

Construction

600

Transportation & Warehousing

1,100

Leisure & Hospitality

4,000

Manufacturing

700

Professional Business Services

10,500

Healthcare & Social Assistance

900

Financial Activities

Portland Brewing, Powell’s Books, ZGF Architects, and two major West Coast law firms: Stoel Rives and Schwabe, Williamson & Wyatt.

Full time employment increased 2.2% in the past 12 months, an increase of 26,400 positions. Following is a list of net job growth by industry October 2017-October 2018:


TOP AREA EMPLOYERS

20,000 area employees 12,400 area employees 12,000 area employees

11,250 area employees



Intel is the area’s largest private employer. Recently, following a five year, $6 billion expansion, the company unveiled vast, long-term plans for future growth.

Kaiser has 35 medical facilities, 18 dental offices and 1,400 doctors in the Pacific Northwest. It employs more than 10,000 in the Portland metro region and serves 11.8 million members nationally. Kaiser is headquartered in Oakland, California.

In 2019 Nike wraps up a $1 billion expansion of its Beaverton world headquarters. The company added 1.3 million square feet of office space and parking for 3,300 vehicles.

Legacy is a locally-owned nonprofit based in Portland, Oregon. It is the only health system covering the Portland/Vancouver area south to Salem with multiple hospitals and a hospital dedicated to exclusively serving children.

With nearly 50,000 students, Portland Public Schools is Oregon’s largest district. Portland is currently in the midst of a massive voter-approved high school and middle school reconstruction and modernization program.

In 2017 voters approved $790 million in taxes to rebuild one middle school and three high schools.

Fred Meyer offers one-stop shopping at 133 department stores in four western states.

18,286 area employeesProvidence is a non-profit network of hospitals, health plans, physicians, clinics and related services. It operates in Alaska, Washington, Oregon, Montana and California. It was originally founded by the Sisters of Providence in Montreal Quebec in 1843.


Oregon Health Sciences University (OHSU) leads the way in government-funded healthcare — and secures numerous grants for the advancement of health sciences. 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.


Income Current Scheduled Rents Projected Operations Note

Scheduled Gross Rent $661,884 $13,789 $688,800 $14,350 1Less: Vacancy/Credit Loss ($33,094) ($689) -5.0% ($34,440) ($718) -5.0% 2

Less: Concessions ($3,309) ($69) -0.5% ($3,444) ($72) -0.5% 2

Less: Bad Debt/Recovery ($3,309) ($69) -0.5% ($3,444) ($72) 10.0% 2

Net Rental Income $622,171 $12,962 $647,472 $13,489 Other Income $66,811 $1,392 $66,811 $1,392 3

Includes: Utility Billing (RUBs) $33,730 $703 70.2% $33,730 $703 70.2% Includes: Laundry $5,448 $113 $5,448 $113

Gross Operating Income $688,982 $14,354 $714,283 $14,881

Expenses Projected Operations

Per Unit % GOI Projected Operations

Per Unit % GOI

Real Estate Taxes $45,381 $945 6.6% $45,381 $945 6.4% 4

Insurance $11,532 $240 1.7% $11,532 $240 1.6% 5

Total Utilities $55,581 $1,158 8.1% $55,581 $1,158 7.8%

Administrative $17,810 $371 2.6% $17,810 $371 2.5%

Fee Management $20,669 $431 3.0% $21,428 $446 3.0% 6

On-site Payroll $66,193 $1,379 9.6% $66,193 $1,379 9.3%

Landscaping $6,795 $142 1.0% $6,795 $142 1.0%

Maintenance/Repairs $32,970 $687 4.8% $32,970 $687 4.6%

Turnover $15,175 $316 2.2% $15,175 $316 2.1% 7

Reserves $12,000 $250 1.7% $12,000 $250 1.7% 8

Total Expenses ($284,107) ($284,866)

Expenses per Unit ($5,919) ($5,935)

% of Gross Operating Income 41.2% 39.9%

Net Operating Income (NOI) $404,875 $429,417

OPERATIONS ANALYSIS


1. RENTS Rents are based on a April 2019 rent roll. Current scheduled rents average $1,149 per unit or $1.30 per sq ft. The projected rents are based on highest achieved rents for most units. The increase to the market rents is 3.9% over current scheduled. More than one unit has achieved the highest achieved rents indicating the ability of the property to continue to increase rents.

2. VACANCY, CONCESSIONS, AND BAD DEBT/RECOVERY

Royal Crest Apartments experienced above market-rate vacancy over the previous 12-months due, in part, to the 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 $34,070, the majority of which is from utility collections (RUBs). Royal Crest Apartments implemented RUBs in 2017 and are now fully realized. Residents are charged approximately $59 per month for water, sewer, and garbage. The RUBs cover more than 70% of those total expenses.

RENT ROLL ANALYSIS: MARKET RENTS

Unit Type Unit Count

Square Feet

Average Scheduled

Rent

Average Scheduled

Rent per Sq Ft

Highest Achieved Rent

Highest Achieved Rent

per Sq Ft% Change

1 Bedroom / 1 Bathroom 16 725 $1,033 $1.42 $1,065 $1.47 3.0%

2 Bedroom / 1 Bathroom 24 885 $1,145 $1.29 $1,200 $1.36 4.6%

3 Bedroom / 1 Bathroom 8 1,192 $1,393 $1.17 $1,445 $1.21 3.6%

Totals / Averages 48 883 $1,149 $1.30 $1,196 $1.35 3.9%

RENT ROLL ANALYSIS: SCHEDULED RENTS

Unit Type Unit Count

Square Feet

Lowest Achieved

Rent

Highest Achieved

Rent% Diff

Average Scheduled

Rent

Average Scheduled

Rent per Sq Ft

1 Bedroom / 1 Bathroom 16 725 $950 $1,310 37.9% $1,033 $1.42

2 Bedroom / 1 Bathroom 24 885 $1,075 $1,285 19.5% $1,145 $1.29

3 Bedroom / 1 Bathroom 8 1,192 $1,290 $1,450 12.4% $1,393 $1.17

Totals / Averages 48 883 $1,105 $1,348 23.3% $1,149 $1.30

OPERATIONS ANALYSIS


HISTORICAL INCOME TRENDS

$55,500

$54,500

$54,000

$55,000

92.0%

94.0%

96.0%

98.0%

$53,500

$53,000

84.0%

86.0%

88.0%

90.0%$52,500

$52,000

$51,500

82.0%$50,500

$51,000

100.0%

Sche

dule

d Re

nt

Occu

panc

y

Dec 2018 Jan 2019Nov 2018Oct 2018Jul 2018Apr 2018 Feb 2019Aug 2018Jun 2018May 2018 Mar 2019Sep 2018

Scheduled Rent Occupancy

OPERATIONS ANALYSIS


725 Sq Ft1-bedroom

885 Sq Ft2-bedroom

1,192 Sq Ft3-bedroom

Sche

duled

Rent

Average Rent Maximum RentMinimum Rent

$1,000

$800

$1,100

$1,300

$1,200

$1,400

$1,500RENT RANGES BY UNIT TYPE CURRENT RENTS

$900

Current Rent Summary

1-bedroom(725 Sq Ft)

2-bedroom(885 Sq Ft)

3-bedroom(1,192 Sq Ft)

$950 1

$999 5

$1,000 2

$1,025 3

$1,050 2

$1,065 1

$1,075 1

$1,099 1

$1,100 4

$1,125 1

$1,145 1

$1,150 12

$1,175 1

$1,185 1

$1,200 1

$1,285 1

$1,290 1

$1,310 1

$1,350 1

$1,370 1

$1,445 1

$1,450 2

Total * 15 24 6

* Occupied, non-employee units only.

OPERATIONS ANALYSIS


-6.00%

-5.00%

-8.00%

-7.00%

-2.00%

-4.00%

-3.00%

-1.00%

0.00%

-10.00%

-9.00%

Vaca

ncy

RENT TRENDS

Scheduled RentsMarch 2018 T6-Months Annualized

March 2018 T3-Months Annualized

March 2018 TTM

$1,145

$1,140

$1,125

$1,120

$1,155

$1,150

$1,135

$1,130

$1,115

$1,110

Aver

age L

ease

Ren

t

$1,125

$1,137

$1,146

$1,149

OPERATIONS ANALYSIS


OPERATIONS ANALYSIS4. 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.

Royal Crest Apartments’ taxes increased 3.74% 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 Royal Crest Apartments, which are adjusted for the 3.0% discount, for the 2018-2019 tax year total $45,381 and are used in the projected operations.

5. PROPERTY INSURANCE Property insurance reflects the current policy premium of $11,532 annually or $240 per unit.

6. MAINTENANCE/REPAIR The management fee has been adjusted to reflect costs for a property like Royal Crest 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.


OFFER TERMSQUESTIONS & TOUR REQUESTS:

Please do not disturb tenants.

All tours and inquiries regarding Royal Crest are to be directed to HFO Investment Real Estate at (503) 241.5541.

Rob Marton • [email protected]

Greg Frick • [email protected]

Jack Stephens • [email protected]

Tyson Cross • [email protected]

Lee Fehrenbacher • [email protected]

Todd Tully • [email protected]

Adam Smith • [email protected]

Khari Gates • [email protected]

Investment Real Estate 2424 SE 11th AvenuePortland, Oregon 97214

www.hfore.com(503) 241.5541Fax: (503) 241.5548

Brokers licensed in the States of Oregon and Washington.

ASSET SUMMARYProperty Royal Crest

Location 11700 SW Allen Boulevard

City, State Beaverton, Oregon 97005

Total Units 48

Year Built 1969

Average Sq Ft 883

Avg Rent $1,130

Avg Rent per Sq Ft $1.28

FINANCINGRoyal Crest Apartments has an existing loan to be assumed.

Lender Hunt Mortgage

Effective Date July 13, 2018

Original Loan Balance $4,388,000

Annual Interest Rate 4.020%

Amortization Period 360 Months/30 Years

Loan Term 84 Months

Interest Only (IO) Period 24 months/2 years

First P&I Payment September 1, 2020

Monthly P&L Payment $20,999.61

PRICE SUMMARYPrice $6,990,000

Price Per Unit $145,625

Per Square Foot $165

Cap Rate (Scheduled Rents) 5.79%

Cap Rate (Projected) 6.14%


HFO Investment Real Estate

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

Passion • Collaboration • Specialization

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.

ROYAL CREST - LoopNet...Royal Crest Apartments is a well-located 48-unit garden-court community in...

Documents

Transcript of ROYAL CREST - LoopNet...Royal Crest Apartments is a well-located 48-unit garden-court community in...