Ronald Lincoln Adds Portland Apartment Complex to Multifamily Portfolio


Colliers Multifamily Experts Facilitate Purchase of 25-unit Asset in Hot Portland Neighborhood.

A small family investment group boosted its multifamily portfolio this week when it purchased the Crystal Shores apartments in Portland, OR for $4 million. The 25-unit complex built in 1971 is currently 100% occupied and located in one of Portland’s most desirable, up-and-coming  neighborhoods. Dan Chhan, Tim McKay and Sam Wayne of Colliers International represented the buyers in the sale

“Portland has historically been a very strong rental market with apartment vacancies consistently below the national average, but with cap rates and returns 50 to 100 bps higher than we can offer in Seattle.” said Tim McKay. “Even in the midst of the pandemic, assets located in Portland offer the potential for exceptional return on investment. The Lincoln family was wise to expand their portfolio with this asset.”

Crystal Shores is nestled in Portland’s popular Sellwood-Moreland neighborhood, which features dozens of restaurants, coffee shops and bars. The area has a walk score of 81, a bike score of 95 and is minutes from outdoor recreation at Sellwood Riverfront Park and Oaks Bottom Wildlife Refuge. It is also a short drive from downtown Portland and major employers such as Columbia Sportswear, Nike and Intel.

The property was listed and Greg Frick, Todd Tully, and Rob Stigile of HFO Investment Real Estate LLC.


 AboutMcKay, Chhan, Wayne

We have a reputation for going above and beyond for our clients, providing efficient, professional services with an intensity of execution not available anywhere else. We have a solution-driven mindset that is obvious in our analysis, brokerage and marketing efforts. Our capital markets expertise leverages market intelligence, financial acumen and solid partnerships to structure the best deal possible for our clients. Simply put, we align our goals around yours.

We provide full-service solutions to multifamily owners, investors, and developers, including; acquisitions and dispositions, valuation and financial analysis, property management, debt and equity, rehabilitation and repositioning, development feasibility study.

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For further information, please contact:

Rachel Person
Marketing Manager
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Tim McKay

Senior Vice-President


Tim specializes in the sale and advisory services of apartment buildings and development land in the Seattle Metro Area. Tim spends countless hours gathering, sorting, analyzing and comprehending data and trends so that he can arm his clients with the best, most current knowledge available. This real-time information enables Tim the ability to support his clients so that they may make the best business decision today.

Unrelenting commitment and drive for his clients’ success helped form many long-term relationships with investors, and when you ask these clients about Tim, they use the words passionate, understanding, connected, caring and hardworking, but above all else, they will tell you that Tim always puts his clients first and they will continue to work with him for this reason.

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Dan Chhan

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Dan specializes in the sale and advisory service of apartment buildings and development land in the Seattle Metro Area. Fluent in Cantonese, Dan has been at the forefront of the business, discovering new channels to market and sell real estate in emerging markets in the United States, Pacific Rim and beyond.

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Sam Wayne

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Sam Wayne has been brokering and syndicating real estate investments since 2006. Since forging the partnership of McKay | Chhan | Wayne in 2015, Sam has sold 2,700 units totaling more than $475 million.

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