Lumina-Apts-Gresham-OR

Abacus Capital Group Buys Lumina Apartments in Gresham, Oregon for $96.7M

by Amy Works

GRESHAM, ORE. — An affiliate of Abacus Capital Group has acquired Lumina Apartments, a multifamily community located at 2700 W. Powell Blvd. in Gresham.

Built in 1994 and most recently renovated in 2022, Lumina features 440 one-, two- and three-bedroom apartments spread across 20 residential buildings. All units feature large floor plans, in-unit laundry and private balconies or patios with storage.

Community amenities include a resident lounge, fitness center, package lockers, business center, indoor and outdoor swimming pools, a sun deck with barbecue grills, playgrounds and a dog park. Additionally, the property offers 880 surface, carport and garage parking options.

Joe Nydahl, Josh McDonald and Phil Oester of CBRE represented the undisclosed seller in the deal.

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