Portland's largest apartment buildings face a potential carbon-compliance track, Washington's rent cap gets its first major court test, and a Multnomah County jury turns a $287 repair dispute into a $32,000 verdict. Listen for news updates that affect multifamily owners and developers!

HFO Partner Greg Frick recently sat down with Mark Adams, managing director at Accruit, the third-largest qualified intermediary in the country and the largest independent of any title company to discuss 1031 exchanges.

Two things today. First, Christine Drazan, the Republican nominee for Oregon governor, sat down with HFO co-founder Greg Frick to talk about her thoughts on the best ways to speed up adding more housing in Oregon. We're going to walk through what she said and what it means for people who own, build and finance apartments in this state. Then we'll turn to some of the best economic news Oregon has gotten in more than a year.

Today is our Clark County and Vancouver roundup. Our summer newsletter includes a full research report on this market, edited by Aaron Kirk Douglas, our director of market intelligence. I'll walk you through the highlights. The full 47-page report, with charts and sourcing, is available free at hfore.com.

Oregon's multifamily housing industry brought a unified message to Salem last week and found legislators in both parties willing to listen. Today we are covering what was discussed and what it signals for the 2027 legislative session.

Today we are going to talk about a gap. This is not a supply gap, although we will get to that. I mean the gap between what the
headlines say about this market and what the closing tables show. Because in Q2, those two things told very different stories, and the closing tables were a lot more revealing.

Today we're talking about ADUs — accessory dwelling units. Tiny detached homes quietly appearing behind single-family
houses. Suddenly ADUs are becoming one of the biggest housing policy stories in the country.

For the past several years, Portland's national image has often been dominated by stories about office vacancies, homelessness, crime concerns, tax frustration, political conflict, and downtown struggles.

And yet underneath those headlines, something much more complicated — and frankly much more interesting — has
been happening. Institutional capital is quietly returning to Portland.