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River Reach Apts Trade for $45M

Aspen Square Mgmt Acquires 556 Units in Naples
By Esmeralda McKie
December 2, 2013 | 2:24 P.M.

AIMCO Holdings LP sold the 556-unit River Reach Apartments at 1960-2136 River Reach Dr. in Naples, FL for $45 million, or about $81,000 per unit. Recently, the waterfront, garden-style community received numerous capital improvements contributing to the new owner's decision to purchase.

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