January 16, 2026 – Melissa Wall, Tax Partner at Aprio, joined fellow professionals at HFO Investment Real Estate‘s annual event in Portland, Oregon to discuss multifamily, commercial, and real estate market trends.
In Portland, market conditions remain mixed. Multifamily vacancies increased from 4.49 to 5.47 percent, though rents still posted modest growth. New construction remains limited, with only 2,319 permitted units through August 2025, keeping supply constrained even as the region experiences stabilized job growth and positive net migration after post‑pandemic declines.
Melissa highlighted key tax strategies shaping investor decisions. She explained that the 2025 One Big Beautiful Bill Act permanently extended opportunity zones, allowing investors to avoid gains taxation on qualified 10‑year investments. She also noted the increasing complexities behind today’s legislations and explained the importance of a CPA’s help.
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