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Capital Growth Corp Pays $5.2M for Memphis Multifamily

LEDIC Mgmt Grp Sells Avery Park Apts
By Swabira N. Khan
January 2, 2013 | 4:05 P.M.

Capital Growth Corporation, a Utah-based property management and investment company, acquired the 231-unit Avery Park apartment community located at 4845 Bontura Dr. in Memphis, TN from LEDIC Management Group, Inc. for $5.2 million, or about $23,000 per unit.

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