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Abacus Capital Group Affiliate Acquires Lumina Apartments For $96.7M

2700 West Powell Boulevard
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This MultiFamily property located in OR was sold for $96,700,000 6 months ago. The brokers of the deal were Joe Nydahl, Josh McDonald, and Phil Oester

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.

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Deals
  • Location
    2700 West Powell Boulevard Gresham, OR 97030, USA2700 West Powell Boulevard Gresham, OR 97030, USA
  • Sale Price
    $96,700,000$96,700,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Phil Oester

Phil Oester

Deals4
Sold$355.7M

Josh McDonald

Josh McDonald

Deals4
Sold$355.7M

Joe Nydahl

Joe Nydahl

Deals5
Sold$425.7M

Agency

CBRE

CBRE

Agency
Deals4191
Volume$181.9B

Deal Summary

SALE IMAGE: Joe Nydahl, Josh McDonald & Phil Oester DATE: 08/24/2023 ADDRESS: 2700 W Powell Blvd MARKET: Gresham, OR ASSET TYPE: Multifamily BUYER: Affiliate of Abacus Capital Group BROKERS: Joe Nydahl, Josh McDonald & Phil Oester - CBRE SALE PRICE: $96,700,000 UNITS: 440 ~ PPU: $219,773 NOTE: CBRE has facilitated the $96.7 million sale of Lumina Apartments, a 440-unit multifamily complex in Gresham, Oregon, to Abacus Capital Group's affiliate.

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2700 West Powell Boulevard

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