The properties include three older downtown Portland buildings as well as properties in Wilsonville and Tigard and across the border in the Washington cities of Vancouver and Kelso. It is the fourth acquisition in the area by the investors, bringing their total joint ownership in the area to approximately 1.6 million sf. Francis Greenburger, owner and CEO of Time Equities, says his company is "well acquainted" with the growing regional markets in and around Portland and expects these new properties to return "excellent cash flow and value."

The properties acquired in Portland proper include the 12-story, 92,500-sf Spalding Building at 319 SW Washington St.; the 12-story, 88.500-sf Cascade Building at 520 SW Sixth Ave; and the five-story, 17,500-sf Exchange Building at 514 SW Sixth Ave. Up in Washington State, the companies acquired the building at 3315 N.E. 112th Ave. in Vancouver, and the buildings at 200-238 Allen St. in Kelso.

In Beaverton, the duo acquired the buildings at 14155-14255 SW Brigadoon Ct. In Wilsonville, they acquired 9120-9150 on SW Pioneer Ct., and in Tigard they picked up 9600 S.W. Oak St. For each acquisition, Willian Felton and Time Equities created a separate LLC.