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Donaldson Group Buys Cider Mill Apts. for $110 Million

Joint Venture with Angelo, Gordon Secures 864-Unit Multifamily Community in Gaithersburg
By Bryce Meyers
CoStar News
March 3, 2014 | 3:04 P.M.

Rockville, MD-based The Donaldson Group, in a joint venture with equity partner Angelo, Gordon & Co. out of New York, acquired the Cider Mill Apts. in Gaithersburg, MD for $110 million, or approximately $127,000 per unit, in what is the largest multifamily transaction in the Washington, D.C. market so far this year.

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News | Donaldson Group Buys Cider Mill Apts. for $110 Million