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Lexington Partners Buys Heatherton Estates Complex for $5M

Buyer Plans to Renovate Property, Better Position it for the Future
By Jesse Hilenski
June 15, 2011 | 2:36 P.M.

Lexington Partners Inc. acquired the 235-unit apartment complex in Florissant, MO, from Citigroup for $5 million, or about $21,300 per unit. A listing broker for the property reported that it was 63 percent occupied at the time of sale.

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