In this episode, David Moghavem interviews Ben Murphy, the investment sales director at Commercial Integrity, about the investment landscape in Portland, Oregon. They discuss the unique opportunities in the Portland market, including the impact of inclusionary zoning, the recovery of the urban core, and the growth of suburban areas. Ben shares insights on why investing in blue states can be beneficial, the challenges posed by regulatory environments, and the potential for value-add opportunities in older properties. The conversation emphasizes the importance of understanding local market dynamics and offers advice for new investors looking to enter the Portland market.
Chapters
00:00 Intro: Meet Ben Murphy
03:32 Why Portland? The Contrarian Case for Blue States
06:34 Portland = The Midwest of the West?
08:44 Unique Ownership Structure in Portland
10:05 The Affordability Advantage
12:26 Why No One Is Building in Portland
16:19 Urban Core Recovery & Deep Discounts
19:21 Policy Reversal & Urban Revitalization
22:56 Suburban Boom: Where to Look
26:29 Advice for New Investors in Portland
29:14 Don't Sleep on 60s & 70s Product
31:29 Final Thoughts & How to Reach Ben
www.dealflowfriday.com
X:@dealflowfriday
Instagram:@dealflowfriday
Ben Murphy Contact Info:
+1-503-707-6570ben.murphy@cinw.com