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Robison Jewish Home Pays $4.3M for Portland Multifamily

Lexington Investment Properties Sells Section 8 Housing
January 16, 2013
Robison Jewish Home, an Oregon-based senior assisted living center, acquired the multifamily building at 1125 SW 12th Ave. in Portland, OR from Lexington Investments Properties LLC for $4.325 million, or about $80,000 per unit.

The 54-unit, 24,720-square-foot apartment building is approved by HUD as Section 8 housing for low-income seniors and disabled persons.

No brokers were involved in the direct sale.

Please see CoStar COMPS #2631854 for more information on this transaction.
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