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Multifamily property in Salem changes hands

A 168-unit apartment asset in Salem has sold for $32 million. The property, Fruitland Meadow, offers studio, one-, two- and three-bedroom units on 8.16 acres on the southeast edge of the capital city. Investors Capital Group of Seattle sold the property at 5164 Caplinger Road S.E. to an undisclosed buyer. The transaction was not yet listed in Marion County records. CBRE’s Josh McDonald and Joe Nydahl represented the seller in the transaction. Th…
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Daily Journal of Commerce broke the news in on Tuesday, October 21, 2025.
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