Stark Street Crossings 20433 SE Stark Street...

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Stark Street Crossings 6105 SW Macadam Avenue Portland, OR 97239 www.PounderRealty.com 20433 SE Stark Street Gresham, OR 97030 Grayson Pounder, Broker 503.680.4638 / [email protected] Price: $13,500,000 Units: 130 Built: 2004 Gresham, OR 97030 Stark Street Crossings

Transcript of Stark Street Crossings 20433 SE Stark Street...

Stark Street Crossings

6105 SW Macadam AvenuePortland, OR 97239www.PounderRealty.com

20433 SE Stark StreetGresham, OR 97030

Grayson Pounder, Broker503.680.4638 / [email protected]

Price: $13,500,000

Units: 130

Built: 2004

Gresham, OR 97030

Stark Street Crossings

STARK STREET CROSSINGSPRICE $13,500,000PRICE/UNIT $103,846UNITS 130YEAR BUILT 2004SQUARE FEET 117,837 SF

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PROPERTY OVERVIEW

Stark Street Crossings

• Mix of spacious One, Two, and Three Bed Unitsfrom 729 to 1,165 Square Feet

• Near Interstate 84, on Bus Line and 0.4 mile walkto Max Blue Line

• Convenient Shopping and Dining at GreshamStation and Troutdale

• Minutes from Mt. Hood Community College• Washers and Dryers, with Fireplaces in Select

Units• Seasonal Pool, Fitness Facility, & Extra Storage• Mountain Views from Private Patios or Balconies.

PRICE $13,500,000PRICE/UNIT $103,846UNITS 130YEAR BUILT 2004SQUARE FEET 117,837 SF

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LOCATION – GRESHAMThe City of Gresham is Oregon’sfourth largest city at nearly110,000 residents, just 13 milesfrom downtown Portland and anintegral part of the Metropolitanarea. Easily accessed by light railor the Springwater Trail,downtown Gresham boasts 150shops, services and restaurants.Gresham is situated between twoof Oregon's premiere recreationareas, Mt. Hood and the ColumbiaRiver Gorge. These areas offer a variety of activities from hiking, biking and fishing to skiing – winter snow is less than 45minutes away. Just north of Gresham is the Columbia River Gorge, a national scenic area with incredible views of the river,access to the Pacific Crest Trail and a variety of campgrounds, windsurfing, and easy access to hundreds of waterfalls.

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The Rockwood-West Gresham Renewal Plan isa 20-year plan to invest in the revitalization of theRockwood-West Gresham area. The plan providesfunding for a variety of public improvements andprograms to stimulate private investment andimprove community conditions.

Goals in the Urban Renewal Plan• Develop Public Safety & Community ServiceFacilities• Help Create and Retain Family Wage Jobs byImproving Industrial and Commercial Areas• Improve Rockwood Town Center• Improve Transportation• Increase Availability of Quality Housing• Parks and Recreation Facilities

Columbia River Gorge

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The Rockwood-West Gresham Renewal Plan isa 20-year plan to invest in the revitalization of theRockwood-West Gresham area. The plan providesfunding for a variety of public improvements andprograms to stimulate private investment andimprove community conditions.

Goals in the Urban Renewal Plan• Develop Public Safety & Community ServiceFacilities• Help Create and Retain Family Wage Jobs byImproving Industrial and Commercial Areas• Improve Rockwood Town Center• Improve Transportation• Increase Availability of Quality Housing• Parks and Recreation Facilities

Source and more information: GreshamOregon.gov/UrbanRenewal

Urban Renewal grants to businesses and property owners, leveraging more than $81 million in private investment andhelping create more than 400 jobs.• New Industries: 14 grants totaling $1 million; leveraged over $65 million in private investment and nearly 400 jobs• Predevelopment Services: 6 grants totaling $138,615; potential private investment of over $12 million• Storefront Improvement: 14 grants totaling $264,000; leveraged nearly $900,000 in private investment• Apartment Rehabilitation: 38 grants totaling $804,651; leveraged $2.5 million in private investment• Transportation improvements throughout the neighborhood

PORTLAND METROPOLITAN APARTMENT MARKET

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PORTLAND METROPOLITAN AREAThe Portland Metro Area has been the fastest growingWest Coast economy over the past decade. Expandinginvestment, increased economic vitality, and renewedjob growth across nearly all employment sectors point tothe region’s strong future. Over the past threedecades, Portland’s workforce has grown by 110%. Jobgrowth is currently 1.5%, and with 15,700 jobs added inthe last year, unemployment has dropped from 7.7% to6.6%. More than twenty colleges and universities in themetro area enroll 60,000+ students.Portland/Vancouver’s Gross Regional Product now tops $150 billion, and IHS Global Insight projects a 22% 5-Year GRPGrowth Projection from 2013 to 2017. Moreover, there is no general sales-and-use, revenue or inventory tax in Oregon. In2013, Apartment values were up an average of 2%, apartment income was up an average of 3-5%, and vacancies remain nearhistoric lows at 3.1%. Average rent per square foot is now $1.10, a 6.8% year over year increase.

Portland Metro AreaSource: IHS Global Insight

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Portland Metro AreaSource: IHS Global Insight

The Portland/Vancouver vacancy factor continues to decline, andcurrently stands at 3.11%, down from the 3.55% in the Spring.Average rents have once again accelerated to $1.10/SF currently,a 5.8% increase in just six months. All unit types are less than4% vacant and studios are very tight, with a vacancy factorunder 2%. Barry & Associates Spring 2014 report for the metroarea noted that “2013 proved to be another banner year forapartments (in the Portland Metro area). The apartment markethad everything going for it, with vacancies near all time lows,increasing rents, increasing income and readily availablefinancing. The market remained strong, even as thousands ofnew units were completed.” The report continued with thefollowing forecast for 2014: “As the economy continues to makesteady gains, 2014 should be another strong year for apartments.Apartments remain in the sweet spot of the current real estatecycle.

*Sources: Multi-Family NW Apartment Report Fall2013), Barry & Associates Spring 2014 Report

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Current Portland Metro TrendsUnemployment Down to 6.6%Job Growth 1.5%Population Growth 1.1%Apartment Sales ~200 transactions (194 in 2012)Apartment Values Up +2% on avearage for 2013Apartment Income Up +3-5% in 2013Apartment Vacancies 3.1%

PRO FORMA INCOME & EXPENSES20433 SE Stark Street, Gresham, OR 97030

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<<Change Property Name/AddressUnits Type Unit SF Total SF Market Rent Monthly

Mkt. RentAnnual

Mkt. Rent Rent / SF

23 1 Bed / 1 Bath 729 16,767 $750 $17,250 $207,000 $1.0332 2 Bed / 1 Bath 871 27,872 $850 $27,200 $326,400 $0.9866 2 Bed / 2 Bath 938 61,908 $925 $61,050 $732,600 $0.999 3 Bed / 2 Bath 1,165 10,485 $1,075 $9,675 $116,100 $0.92

130 900 117,032 $886 $115,175 $1,382,100 $0.98

Income Pro Forma Trailing 12

Scheduled Market Rent $1,382,100 $1,231,645 Less: Vacancy 3.50% ($48,374) ($58,812)Net Rental Income $1,333,727 $1,172,833

Plus: Fee Income $12,539 $14,437 Plus: RUBS Income $62,400 $51,285 Plus: Garages Income $14,400 $8,651Total Operating Income (EGI) $1,423,066 $1,247,206

Expenses Per UnitAdministrative $50 $6,500 $2,501Advertising & Promotion $35 $4,500 $4,163Turnover $150 $19,500 $7,795Payroll $615 $80,000 $57,050Repairs & Maintenance $600 $78,000 $88,745Management Fee 3.00% $328 $42,692 $14,400Utilities $715 $93,000 $90,857Contracted Services $93 $12,127 $10,934Real Estate Taxes $867 $112,664 $114,186Insurance $120 $15,600 $13,822Replacement Reserve $250 $32,500 $27,453

Total Expenses $497,083 $431,906

Per Unit: $3,824 $3,322Per SF: $4.25 $3.69

Net Operating Income $925,983 $815,300

Less: Debt Service ($569,602) ($569,602)Projected Net Cash Flow $356,381 $245,698Total Economic Loss 3.5% 4.8%

Cash-on-Cash Return (Based on Ask Price) 10.56% 7.28%Debt Service Coverage 1.63

Cap Rate Analysis Price $/Unit $/Foot Cap Rate Cap RateListing Price $13,500,000 $103,846 $115.35 6.86% 6.04%

All Financing Total Loan Amount Down Payment LTV Mo. Payment Debt Constant$10,125,000 $3,375,000 75% ($47,467) 5.6%

New First Mortgage (to be originated at purchase)LTV for this loan Amount Interest Rate Amortization Payment Fees I/O Term (yrs)

75% $10,125,000 3.85% 30 ($47,467) 0.00% 0

The information contained herein is based on information and sources deemed to be reliable, but no representation or warranty is being made as to the accuracy or completeness of such information. Any pro forma projections and estimates areused for example only and do not represent the current or future performance of the Property. Prospective Buyers are expected to verify any and all information pertaining to the Property, and should make their own investigations, projections,and conclusions to inform financial, legal, and tax decisions. Prospective Buyers shall remove Broker and Seller from any liability regarding the accuracy or completeness of this information, as well as any written or oral communicationsregarding the Property.

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Units Type Unit SF Total SF Market Rent MonthlyMkt. Rent

AnnualMkt. Rent Rent / SF

23 1 Bed / 1 Bath 729 16,767 $750 $17,250 $207,000 $1.0332 2 Bed / 1 Bath 871 27,872 $850 $27,200 $326,400 $0.9866 2 Bed / 2 Bath 938 61,908 $925 $61,050 $732,600 $0.999 3 Bed / 2 Bath 1,165 10,485 $1,075 $9,675 $116,100 $0.92

130 900 117,032 $886 $115,175 $1,382,100 $0.98

Income Pro Forma Trailing 12

Scheduled Market Rent $1,382,100 $1,231,645 Less: Vacancy 3.50% ($48,374) ($58,812)Net Rental Income $1,333,727 $1,172,833

Plus: Fee Income $12,539 $14,437 Plus: RUBS Income $62,400 $51,285 Plus: Garages Income $14,400 $8,651Total Operating Income (EGI) $1,423,066 $1,247,206

Expenses Per UnitAdministrative $50 $6,500 $2,501Advertising & Promotion $35 $4,500 $4,163Turnover $150 $19,500 $7,795Payroll $615 $80,000 $57,050Repairs & Maintenance $600 $78,000 $88,745Management Fee 3.00% $328 $42,692 $14,400Utilities $715 $93,000 $90,857Contracted Services $93 $12,127 $10,934Real Estate Taxes $867 $112,664 $114,186Insurance $120 $15,600 $13,822Replacement Reserve $250 $32,500 $27,453

Total Expenses $497,083 $431,906

Per Unit: $3,824 $3,322Per SF: $4.25 $3.69

Net Operating Income $925,983 $815,300

Less: Debt Service ($569,602) ($569,602)Projected Net Cash Flow $356,381 $245,698Total Economic Loss 3.5% 4.8%

Cash-on-Cash Return (Based on Ask Price) 10.56% 7.28%Debt Service Coverage 1.63

Cap Rate Analysis Price $/Unit $/Foot Cap Rate Cap RateListing Price $13,500,000 $103,846 $115.35 6.86% 6.04%

All Financing Total Loan Amount Down Payment LTV Mo. Payment Debt Constant$10,125,000 $3,375,000 75% ($47,467) 5.6%

New First Mortgage (to be originated at purchase)LTV for this loan Amount Interest Rate Amortization Payment Fees I/O Term (yrs)

75% $10,125,000 3.85% 30 ($47,467) 0.00% 0

COMPARABLE SALES

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Name/Address City Built Units Sale Date Price Price / Unit Price / SF Ave SFHighland Hills Vancouver 2002 400 Dec-13 49,325,000$ 123,313$ 113.55$ 10862406 NE 139th StreetReflections at Happy Valley Happy Valley 1986 372 Dec-13 35,500,000$ 95,430$ 150.28$ 6358800 SE Causey LoopCamden Place Vancouver 1989 296 Sep-13 31,855,730$ 107,621$ 111.86$ 9624701 NE 72nd AveVillage at Van Mall Vancouver 1993 128 Sep-13 14,475,400$ 113,089$ 113.94$ 9935000 NE 72nd AveCarriage House Vancouver 1990 160 Sep-13 18,187,000$ 113,669$ 111.88$ 10164714 NE 72nd AveWestbury Apartments Beaverton 1991 260 Jan-13 28,500,000$ 109,615$ 128.96$ 8504900 SW Greensboro WayAvalon Park Tigard 1990 192 Dec-12 19,650,000$ 102,344$ 132.97$ 77017000 SW Pacific HwyWyndham Park Beaverton 1996 228 Dec-12 28,737,000$ 126,039$ 149.09$ 84514790 SW Scholls Ferry RdCenter Pointe Apartments Beaverton 1996 264 Mar-12 34,325,000$ 130,019$ 142.33$ 91315290 SW Millikan Way

Averages 113,460$ 128.32$ 897

Stark Street Crossings Gresham 2004 130 13,500,000$ 103,846$ 114.57$ 90620433 SE Stark Street

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Stark Street Crossings | 6

The information contained herein is based on information and sources deemed to be reliable, but no representation or warranty is being made as to the accuracy or completeness of such information. Any pro forma projections and estimates are used forexample only and do not represent the current or future performance of the Property. Prospective Buyers are expected to verify any and all information pertaining to the Property, and should make their own investigations, projections, and conclusions toinform financial, legal, and tax decisions. Prospective Buyers shall remove Broker and Seller from any liability regarding the accuracy or completeness of this information, as well as any written or oral communications regarding the Property.

RENT COMPARISON

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Holly RidgeSpringwater Crossing 95-105

CA notes: Walkscore.com – Get builds that are more recent with higher rentsRussellville Commons $824 - $1629 (1-3) 10320 SE Pine Street, Hazelwood 97216Springwater Crossing $845 – 1325 (1-3) 1132 NW Birdsdale Ave, Gresham, 97030Royal Greens $765-$1145 (2-3) 2000 NE 19th, Gresham, 97030Holly Ridge $755-1015 (1-3) 2700 W Powell Blvd, Gresham, 97030The Ellington $701-1005 (Studio – 3) 1610 Northeast 66th Avenue, Portland,97213Gateway Terrace $695-820 (1-2) 827 NE 99th Ave, Hazelwood, Portland, 97220Campbell Park $875-945 (2’s) 2897 NE Rene Ave, Gresham, 97030Fairview Oaks $695-1085 (1-4) 22701 Northeast Halsey Street, 97024Rockwood Station $675-790 (1-2) 19100 East Burnside Street, Gresham, 97233Broadstone $795-1250 (1-3) 76 NW Bryn Mawr Way, Gresham, 97030The Astoria $850-995 (1-2) 1913 NE 73RD AVE, Madison South, Portland, 97213Enclave Apartments $775-1050 (1-3) 4850 SW 11th St., Gresham, 97080

Comparable RentsYear Built &

Name/Address City Total Units SqFt Rent Rent/SF SqFt Rent Rent/SF SqFt Rent Rent/SF SqFt Rent Rent/SFGresham Park Gresham 1991 855 800$ 0.94$ 1080 1,050$ 0.97$805 NE Kane Drive 51Hogan Woods Gresham 1998 619 748$ 1.21$ 881 889$ 1.01$ 1018 1,068$ 1.05$1645 NE 20th Street 100Heatherwood Apartments Gresham 1997 698 760$ 1.09$ 934 853$ 0.91$ 1002 920$ 0.92$ 1139 1,030$ 0.90$765 SE Mt Hood Hwy 265 743 770$ 1.04$ 1170 1,045$ 0.89$Sunpointe Apartments Gresham 1990 985 878$ 0.89$23900 SE Stark Street 88Waverly Gardens Portland 1982 620 693$ 1.12$ 906 833$ 0.92$ 1126 1,003$ 0.89$20121 SE Stark Street 147Vista at 23rd Gresham 1990 832 820$ 0.99$ 1050 930$ 0.89$ 1178 1,083$ 0.92$3181 NE 23rd Road 278Springwater Crossing Gresham 2009 735 845$ 1.15$ 785 995$ 1.27$ 1259 1,125$ 0.89$1132 NW Birdsdale Ave 171Royal Greens Gresham 1970 920 805$ 0.88$ 983 835$ 0.85$2000 NE 19th Avenue 90Holly Ridge Gresham 1991 672 755$ 1.12$ 831 925$ 1.11$ 1019 1,065$ 1.05$ 1019 1,015$ 1.00$2700 W Powell Blvd 440 854 940$ 1.10$Comparable Averages 703 770$ 1.10$ 905 884$ 0.99$ 953 919$ 0.97$ 1124 1,052$ 0.94$

Stark Street Crossings Gresham 2004 729 750$ 1.03$ 871 850$ 0.98$ 938 925$ 0.99$ 1165 1,075$ 0.92$20433 SE Stark Street 130*Subject property based on scheduled market rents

One Bedroom/One Bath Two Bedroom/One Bath Two Bedroom/Two Bath Three Bedroom

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Holly RidgeSpringwater Crossing 95-105

CA notes: Walkscore.com – Get builds that are more recent with higher rentsRussellville Commons $824 - $1629 (1-3) 10320 SE Pine Street, Hazelwood 97216Springwater Crossing $845 – 1325 (1-3) 1132 NW Birdsdale Ave, Gresham, 97030Royal Greens $765-$1145 (2-3) 2000 NE 19th, Gresham, 97030Holly Ridge $755-1015 (1-3) 2700 W Powell Blvd, Gresham, 97030The Ellington $701-1005 (Studio – 3) 1610 Northeast 66th Avenue, Portland,97213Gateway Terrace $695-820 (1-2) 827 NE 99th Ave, Hazelwood, Portland, 97220Campbell Park $875-945 (2’s) 2897 NE Rene Ave, Gresham, 97030Fairview Oaks $695-1085 (1-4) 22701 Northeast Halsey Street, 97024Rockwood Station $675-790 (1-2) 19100 East Burnside Street, Gresham, 97233Broadstone $795-1250 (1-3) 76 NW Bryn Mawr Way, Gresham, 97030The Astoria $850-995 (1-2) 1913 NE 73RD AVE, Madison South, Portland, 97213Enclave Apartments $775-1050 (1-3) 4850 SW 11th St., Gresham, 97080

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The information contained herein is based on information and sources deemed to be reliable, but no representation or warranty is being made as to the accuracy or completeness of such information. Any pro forma projections and estimates areused for example only and do not represent the current or future performance of the Property. Prospective Buyers are expected to verify any and all information pertaining to the Property, and should make their own investigations, projections,and conclusions to inform financial, legal, and tax decisions. Prospective Buyers shall remove Broker and Seller from any liability regarding the accuracy or completeness of this information, as well as any written or oral communicationsregarding the Property.

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FLOOR PLANS & UNIT MIX

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1 Bed/1 Bath - 729 SF

2 Bed/1 Bath - 871 SF

2 Bed/2 Bath - 938 SF

3 Bed/2 Bath - 1,165 SF

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ADDITIONAL PHOTOS

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ADDITIONAL PHOTOS

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6105 SW Macadam AvenuePortland, OR 97239www.PounderRealty.com

Pounder – A Name Deeply Rooted in the Portland Real Estate MarketSince the founding of S.J. Pounder Realty in 1946, thePounder family has been a trusted resource for realestate brokerage in Oregon and Southwest Washington.The Pounder name has been synonymous with trust,service, and comprehensive market knowledge.Pounder Realty was founded in 2013 to continue thistradition with a keen focus on our clients' needs, andspecializes in mid-sized multi-family units in Oregonand Southwest Washington.

Grayson Pounder | 503.680.4638 | [email protected] / BrokerBorn and raised in Portland, Grayson Pounder made his first investment property purchase with a duplex in John’s Landingand has grown his multi-family investment portfolio to nearly 200 units. This extensive first hand knowledge is used to adviseclients in all aspects of apartment ownership, marketing, 1031 exchange and strategic planning. From 2003 to 2013, Graysonwas the top producing multi-family Broker at two national firms in the Portland area, representing buyers and sellers in over100 apartment transactions in excess of $500,000,000. Grayson graduated from Lewis & Clark College in 1997 with aBachelor of Science (BS) degree.

Tyler Gerding | 503.467.8901 | [email protected] President / BrokerTyler Gerding is a Portland native who grew up in a family that owns and manages multi-family properties. He joinedPounder Realty at its inception in 2013, having previously worked as a Broker with Grayson at a national brokerage firm inPortland from 2010 until 2013. Prior to his brokerage career, Tyler worked for Nike from 2003 to 2010. Tyler graduated fromOregon State University in 2009 with a Bachelor of Science (BS) in Entrepreneurship and a minor in Communications.Chris Arends

Chris Arends | 503.307.7407 | [email protected] over 15 years of business experience in Portland, Chris Arends joined Pounder Realty in 2014. Most recently, he was aPartner with Common Sense Investment Management, performing hedge fund due diligence, analyst team management, andportfolio/risk management. Chris helped scale the business from 2001 to 2013 as assets grew from $400 million to over $4billion. From 1998 to 2001, Chris was a business development Account Manager for the technology consulting firm MaximGroup (now TEKsystems). His prior commercial real estate experience traces back to 1996 as a Broker Assistant with Grubb& Ellis. Chris graduated from Lewis & Clark College in 1998 with a Bachelor of Arts (BA) in Business and a minor inEconomics.

Grayson Pounder | 503.680.4638 | [email protected] / BrokerBorn and raised in Portland, Grayson Pounder made his first investment property purchase with a duplex in John’s Landingand has grown his multi-family investment portfolio to nearly 200 units. This extensive first hand knowledge is used to adviseclients in all aspects of apartment ownership, marketing, 1031 exchange and strategic planning. From 2003 to 2013, Graysonwas the top producing multi-family Broker at two national firms in the Portland area, representing buyers and sellers in over100 apartment transactions in excess of $500,000,000. Grayson graduated from Lewis & Clark College in 1997 with aBachelor of Science (BS) degree.

Tyler Gerding | 503.467.8901 | [email protected] President / BrokerTyler Gerding is a Portland native who grew up in a family that owns and manages multi-family properties. He joinedPounder Realty at its inception in 2013, having previously worked as a Broker with Grayson at a national brokerage firm inPortland from 2010 until 2013. Prior to his brokerage career, Tyler worked for Nike from 2003 to 2010. Tyler graduated fromOregon State University in 2009 with a Bachelor of Science (BS) in Entrepreneurship and a minor in Communications.Chris Arends

Chris Arends | 503.307.7407 | [email protected] over 15 years of business experience in Portland, Chris Arends joined Pounder Realty in 2014. Most recently, he was aPartner with Common Sense Investment Management, performing hedge fund due diligence, analyst team management, andportfolio/risk management. Chris helped scale the business from 2001 to 2013 as assets grew from $400 million to over $4billion. From 1998 to 2001, Chris was a business development Account Manager for the technology consulting firm MaximGroup (now TEKsystems). His prior commercial real estate experience traces back to 1996 as a Broker Assistant with Grubb& Ellis. Chris graduated from Lewis & Clark College in 1998 with a Bachelor of Arts (BA) in Business and a minor inEconomics.

6105 SW Macadam AvenuePortland, OR 97239www.PounderRealty.com

SERVICESPounder Realty offers a wide host of services to advise commercial real estate ownersand investors. Our reputation is built on hard work, integrity, and fiduciaryresponsibility to all involved parties. We specialize in mid-sized multi-familyproperties within Oregon and Washington, and use our knowledge and network to helpclients make informed decisions on all aspects of commercial real estate. Our clientsand investors are provided with a long-term strategy for successful real estate ownershipbefore, during, and after commercial acquisitions and sales. We believe a patient,value-added approach to real estate investing yields the best return on investment.

FOR BUYERS & SELLERS

• Portfolio Analysis & Strategic Planning• Guidance with Purchase and Financing Requirements• 1031 Tax-Deferred Exchanges• Self-Directed IRA Multi-Family Investing• Extensive Property Search Capabilities• Property Database with Comprehensive Regional Coverage• Property Valuation and Pro-Forma Estimates• Financial and Cash Flow Analysis• Marketing Strategy to Maximize Exposure and Value

o Professional Marketing Packageso Demographic Reportso Rent Surveys & Utility Bill-Backso Comparable Property Analysiso Direct Owner Contacts, LoopNet, Website, RMLS, Email, Mail, Brokers, Network

• Purchase & Sale Representation and Negotiation• Step-by-Step Direction through the Escrow Process

o Insurance, Inspection, Appraisal, Title, Legal, Engineering, Financing, Contingencies, Closing• Advice on Property Management, Leasing & Maintenance• Follow up Regarding Current Transactions and New Listings

Pounder Realty offers a wide host of services to advise commercial real estate ownersand investors. Our reputation is built on hard work, integrity, and fiduciaryresponsibility to all involved parties. We specialize in mid-sized multi-familyproperties within Oregon and Washington, and use our knowledge and network to helpclients make informed decisions on all aspects of commercial real estate. Our clientsand investors are provided with a long-term strategy for successful real estate ownershipbefore, during, and after commercial acquisitions and sales. We believe a patient,value-added approach to real estate investing yields the best return on investment.

FOR BUYERS & SELLERS

• Portfolio Analysis & Strategic Planning• Guidance with Purchase and Financing Requirements• 1031 Tax-Deferred Exchanges• Self-Directed IRA Multi-Family Investing• Extensive Property Search Capabilities• Property Database with Comprehensive Regional Coverage• Property Valuation and Pro-Forma Estimates• Financial and Cash Flow Analysis• Marketing Strategy to Maximize Exposure and Value

o Professional Marketing Packageso Demographic Reportso Rent Surveys & Utility Bill-Backso Comparable Property Analysiso Direct Owner Contacts, LoopNet, Website, RMLS, Email, Mail, Brokers, Network

• Purchase & Sale Representation and Negotiation• Step-by-Step Direction through the Escrow Process

o Insurance, Inspection, Appraisal, Title, Legal, Engineering, Financing, Contingencies, Closing• Advice on Property Management, Leasing & Maintenance• Follow up Regarding Current Transactions and New Listings

6105 SW Macadam AvenuePortland, OR 97239www.PounderRealty.com

Historical Transactions

Partial List of Historical Transactions Represented by Grayson Pounder and Tyler Gerding from 2005 to present. *Property has been Represented in Multiple Transactions by Grayson Pounder

Property City Units Property City Units Property City UnitsMcLoughlin Courtyard Milwaukie 18 Cowlitz River Duplexes Kelso 26 Oak Leaf Manor Portland 52Fessenden 6-Plex Portland 6 Mt. View Duplex Homes Newberg 16* Lombard Heights Portland 7*Monroe Manor Apartments Oregon City 9 Powell Court Portland 72* Heather Falls Vancouver 56*Twin Firs Apartments Oregon City 10 Regis Arms Hillsboro 20* Lancaster West Linn 9Cedar Terrace Newberg 27 Willamette Crest Oregon City 24 Mountain View Townhomes Wood Village 12*Tierra Vista Apartments McMinnville 32 Beverly Court Portland 20 Autumn Woods Beaverton 72*Bramblewood Apartments Monmouth 60 Westbrook Beaverton 48* 14650 SW Farmington Road Beaverton 5*Eastwood Village Portland 22 Riverside Camas 28* Hidden Villa Beaverton 56*Treehill Commons Portland 20 Water's Edge Milwaukie 36 Tall Trees Beaverton 24*Loreto Apartments Portland 21 Forest Creek Milwaukie 36* Michael Arms Hillsboro 10Lombardy Apartments Portland 14 Raleigh Apartments Portland 17 Multnomah Village Townhomes Portland 18*Tillamook Apartments Portland 6 Robert’s Landing Beaverton 24* Oak Square Beaverton 22Stark Street Crossing Gresham 130 Charwin Court Beaverton 12 Sheridan Plaza Albany 32Westview Apartments McMinnville 20 Centennial West Walla Walla 62 Parkwood Vancouver 42The Firs Vancouver 12* Hampton Heights Troutdale 64* Capitol Terrace Portland 21Lancaster Condominiums West Linn 9 Cambridge Park Beaverton 24* Highland Commons Beaverton 56Kings Crossing Portland 7 Barclay Square Oregon City 55 Canterbury Terrace Tigard 28Wellesley Park Salem 65 Larch Drive Townhomes Beaverton 20 Alpine Village McMinnville 50Stutz 4-Plex Vancouver 4 West Slope Apartments Portland 36 Milbrook Townhomes Vancouver 20*Olympic Park Vancouver 39 The Premier Albany 48 The Bramblewood Monmouth 60*West Main at the Park Hillsboro 40 Erin Court Beaverton 24* Cypress Park Portland 9Courtyard on Stark Portland 24* Chelsey Lane Gresham 45 Childs Road Lake Oswego 4600-610 SE Cesar Chavez Blvd Portland 17 Four Plex St. Helens 4 Ferry Street Albany 10Alder Village Portland 50* 15912 SE 2nd Street Vancouver 8 Wildwood Portland 12Cedarbrook Portland 17 Franklin Arms Beaverton 24* Lamplighter Portland 9Brockwood Village McMinnville 26 Third Avenue Camas 42 Ellsworth Gardens Vancouver 16