2108 Fairpark Villa Inc. of San Marino, CA, sold the 164-unit Mountain Meadows Apartments at 2350 Southwest 257th Ave. in Troutdale. After 60 days on the market, Norman Meltzer (et al) of Cedar City, UT, purchased the 169,778-square-foot, multifamily building for $12 million or approximately $73,171/unit. The building sold with a cap rate of 7.81% and the acquisition was the buyer's upleg in a 1031 exchange.