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AvalonBay Buys Cerritos Apartments for $60.5 Million

Richman Sells 132 Units in L.A. County
By Sean Smith
May 30, 2019 | 5:44 P.M.

Avalon Bay Communities Inc. purchased the 132-unit apartment community at 12651 Artesia Blvd. in Cerritos, California, for $60.5 million, or about $458,000 per home, from The Richman Group.

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News | AvalonBay Buys Cerritos Apartments for $60.5 Million