Gresham: A Hot Investment Market

Gresham, one of Oregon’s largest Cities, has lately been getting attention (even nationally) for its investment potential. When it comes to apartments and rentals, Gresham has become a hot Portland submarket, at least according to HFO (a large real estate investment firm who just brokered the sale of a $37.25 million apartment complex off Palmquist Road).

National real estate research firm REIS found that the city has steadily become more and more a rent over own community with rent growth in Gresham meeting or exceeding many other markets in the metropolitan region. REIS concluded that its low vacancy rate (with some areas in Gresham even seeing 0% in vacancies) and its relatively high growth rate make it quite attractive for investors, especially large institutional Investors.