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Cedar Hill Sells Multifamily Building for $10M

Pacific Insurance Investment Co Acquires Apartment Complex in Portland
By Annette Dolley
March 9, 2011 | 4:27 P.M.

Cedar Hills Manor LLC acquired the 100-unit multifamily building in Portland, Oregon with an undivided interest of 92%, with Brad Simmons acquiring the undivided interest of 8%. The property sold for $10 million, or exactly $100,000 per unit.

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News | Cedar Hill Sells Multifamily Building for $10M