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JV Buys 405-Unit Multifamily for $3.8M

Capmark Sells The Reserve at Pecan Valley
By CoStar Research
December 21, 2011 | 6:08 P.M.

A joint venture between First Market Properties and Newport Property Ventures, two Florida-based investment companies, acquired the apartment complex at 4032 Southcross Blvd. in San Antonio, TX. Capmark Financial Group Inc. sold the 405-unit property for $3.8 million or $9,383 per unit.

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News | JV Buys 405-Unit Multifamily for $3.8M