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NY Investor Pays $14M for Birmingham Apts.

Bell Partners Sells 264-Unit Chace Lake Villas
By Matthew O'Kane
October 31, 2012 | 7:55 P.M.

Bluerock Real Estate, a New York-based property investment firm, acquired Chace Lake Villas, a 264-unit apartment complex in Birmingham, AL, from Bell Partners for $14.1 million, or about $53,409 per unit.

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