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Waterstone Apts Sells For $11M

269-Unit Mesa Multifamily Trades at $42,000 per Unit
By Tomalina Pacheco
May 4, 2012 | 10:02 P.M.

Gelt Acquisitions, Inc. purchased the 269-unit multifamily property located at 1651 South Dobson Rd. in Mesa, AZ for $11,287,000, or approximately $42,000 per unit. LNR Partners sold the property in an REO auction sale.

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