Abacus Capital Group Affiliate Acquires Lumina Apartments For $96.7M

Lumina Apartments, a 440-unit multifamily complex located at 2700 W Powell Blvd in Gresham, Oregon, has been sold for $96,700,000. The property, situated in the market of Gresham, offers spacious units and a prime location.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $96,700,000
• Units: 440
• Price Per Unit (PPU): $219,773
• Address: 2700 W Powell Blvd, Gresham, OR
• Market: Gresham, OR

The sale of Lumina Apartments was facilitated by CBRE's brokers, Joe Nydahl, Josh McDonald, and Phil Oester. Their expertise and efforts played a crucial role in finalizing the transaction between the buyer and seller.

An affiliate of Abacus Capital Group became the proud new owner of Lumina Apartments, acquiring the multifamily complex in Gresham, Oregon. The $96.7 million deal marks an important milestone for Abacus Capital Group's investment strategy in the real estate market.