1. Spring Investors Seminar Multi-Family Market in the Willamette Valley
Anita Risberg
CCIM, Owner & Principal Broker 
Spring Investors Seminar Multi-Family Market in the Willamette Valley

2. The Yard 22 NE 2nd Ave Sale Date: December 2016
Sale Price: $126,680,000
Price/Unit: $446,056
Cap Rate: 3.82%
Number of Units: 284
Occupancy at Close: 42%
Beds
Units
Avg SF
Asking Rent/Unit
Asking Rent/SF
Studio
164
519
$1,350
$2.60 1
110
719
$2,335
$3.25 2 10
1,042
$2,567
$2.46

3. Woodburn 2016 2377 W Hayes St - Barclay Square Apartments
Sale Date: 2/25/2016
Sale Price: $6,270,000
Price/Unit: $89,571
Cap Rate: 6.75%
Number of Units: 70
1398 E Cleveland St - Britewood Apartments
Sale Date: 6/27/2016
Sale Price: $4,100,000
Price/Unit: $77,358
Cap Rate: 6.75%
Number of Units: 53

4. Woodburn 2017 1341 W Hayes St Sale Date: 2/23/2017
Sale Price: $1,468,000
Price/Unit: $97,867
Number of Units: 15

5. Keizer 2015 5200 Windsor Island Rd N Sale Date: 8/28/2015
Sale Price: $1,090,000
Price/Unit: $54,500
Cap Rate: - N/A
Number of Units: 20

6. Keizer 2016
Elizabeth St N
Sale Date: 10/14/2016
Sale Price: $1,650,000
Price/Unit: $137,500
Cap Rate: 6.00%
Number of Units: 12
4926 6th Ave NE – Sheila Apartments
Sale Date: 6/30/2016
Sale Price: $625,000
Price/Unit: $52,083
Cap Rate: 6.28%
Number of Units: 12

7. Salem 2015 650 Marion St NE Apartments Sale Date: 2/13/2015
Sale Price: $325,000
Price/Unit: $25,000
Cap Rate: N/A
Number of Units: 13
3045 Gehlar Rd NW – Eola Heights Apartments
Sale Date: 5/15/2015
Sale Price: $16,750,000
Price/Unit: $110,197
Cap Rate: 5.73%
Number of Units: 152

8. Salem 2016 2510 Broadway St NE – East Somerset Apartments
Sale Date: 2/29/2015
Sale Price: $2,825,000
Price/Unit: $51,364
Cap Rate: 7.09
Number of Units: 55
650 Rural Ave S – Fairmount Parks Apartments
Sale Date: 9/16/2016
Sale Price: $4,95,000
Price/Unit: $112,500
Cap Rate: N/A
Number of Units: 44

9. Salem 2017 3402 Fairhaven Ave NE Viking Village Apartments
Sale Date: 2/13/2017
Sale Price: $3,775,000
Price/Unit: $43,391
Cap Rate: 7.25%
Number of Units: 87
3875 S Liberty Rd – Heritage Hills Apartments
Sale Date: Under Contract
Sale Price: $2,900,000
Price/Unit: $80,555
Cap Rate: 6.25%
Number of Units: 156

10. The Meridian 777 Commercial St SE Sale Date: 6/14/2012
Sale Price: $8,500,000
Number of Units: 89
Beds
Units
Avg SF
Asking Rent/Unit
Asking Rent/SF 1 19
1,022
$1,406
$1.42 2 62
1,256
$1,975
$1.58 3 8
1,724
$2,423
$1.36

11. Albany 2015 222 1st Ave E Sale Date: 1/15/2015 Sale Price: $214,000
Price/Unit: $21,400
Cap Rate: N/A
Number of Units: 10
Chicago St – Carolina Gables
Sale Date: 10/23/2015
Sale Price: $716,000
Price/Unit: $65,091
Cap Rate: N/A
Number of Units: 11

12. Albany 2016 1256 Salem Ave SE – Oak Plaza Sale Date: 8/30/2016
Sale Price: $620,000
Price/Unit: $31,000
Cap Rate: 5.85%
Number of Units: 20
SE Bradley St – Waverly Lake Terrace
Sale Date: 3/14/2016
Sale Price: $735,000
Price/Unit: $52,500
Cap Rate: 6.50%
Number of Units: 14

13. Albany 2017 3510 22nd Ct SE Sale Date: 3/30/2017
Sale Price: $7,200,000
Price/Unit: $141,176
Cap Rate: 6.9%
Number of Units: 51

14. Corvallis 2015 958 NW Sycamore Ave – Sycamore Towers
Sale Date: 11/13/2015
Sale Price: $1,870,000
Price/Unit: $46,750
Cap Rate: N/A
Number of Units: 40
2750 NW Harrison Blvd – The Union Apartments
Sale Date: 1/9/2015
Sale Price: $19,100,000
Price/Unit: $280,882
Cap Rate: 6.00%
Number of Units: 68

15. Corvallis 2016 934-936 NW Sycamore Ave – Beverly Ann Apartments
Sale Date: 11/10/2016
Sale Price: $1,205,000
Price/Unit: $63,241
Cap Rate: 5.43%
Number of Units: 19
3134 NW 9th St
Sale Date: 11/14/2016
Sale Price: $2,571,000
Price/Unit: $160,719
Cap Rate: N/A
Number of Units: 16

16. Corvallis 2017 330 NW 23rd St Sale Date: 2/9/2017
Sale Price: $1,150,000
Price/Unit: $71,875
Cap Rate: N/A
Number of Units: 16
3701 SW Western Blvd – Retreat at Corvallis
Sale Date: 1/11/2017
Sale Price: $100,000,000
Price/Unit: $303,030
Cap Rate: N/A
Number of Units: 330

17. Lebanon 2015 635-685 S 5th St Sale Date: 6/17/2015
Sale Price: $870,000
Price/Unit: $36,250
Cap Rate: N/A
Number of Units: 24
S 12th St – Monarch Apartments
Sale Date: 12/30/2015
Sale Price: $3,500,000
Price/Unit: $54,688
Cap Rate: 6.02%
Number of Units: 64

18. Lebanon 2016 820-860 Park St Apartments Sale Date: 6/6/2016
Sale Price: $496,000
Price/Unit: $45,091
Cap Rate: 8.00%
Number of Units: 11
1855 S 9th St Apartments
Sale Date: 7/22/2016
Sale Price: $2,633,000
Price/Unit: $138,579
Cap Rate: 5.75%
Number of Units: 19

19. Sales & Construction Year Sold & Construction Woodburn Salem Keizer
Albany
Corvallis
Lebanon
2015
20 Sales
881 units
$25K to $110K unit
1 Sale
20 units
$54K
3 Sales
31 Units
21K to 65K
2 Sales
108 Units
$46K to $280K
88 Units
$36K to 55K
2016
123 units
$77K to 89K per unit
27 Sales
719 units
$51K to $112K unit
4 Sales
93 units
$52K to $137K unit
5 Sales
79 units
$31K to $52K unit
53 units
$63K to $160K unit
44 units
$45K to $138K unit
2017Q1
15 Units
$98 per unit
$43 to $81K per unit
51 units
$141K
420 units
$72K to $303K
New Const
400 Uunits
180 Units Keizer Station
602 Units
90 units
6 plex
5 duplexes
Approved
Senior Housing
34 units
Proposed
300 units
Current properties and # of units
24 prop
1388 Units
453 prop
20971
22 prop
1467
96 prop
3871
170 Prop
8036
36 prop
1276

20. Anita Risberg
CCIM, Owner & Principal Broker 
Cell:
Office:
Brandon Whitehead
Assistant 
Cell:
Office: