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Franchi Mgmt Acquires Cape Coral Apts for $5.2M

First American Sells 304 Units in REO Sale
By Justin Sumner
CoStar News
December 13, 2011 | 3:37 P.M.

Franchi Management Company, Inc. purchased the multifamily building at 1051 Winding Pines Cir. in Cape Coral, FL for $5.2 million, or about $185,700 per unit, in an REO sale from First American Bank.

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