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L&B Realty Picks Up Brand New 115-Unit MF Community in Park Ridge for $48.25 Million

Developer/Owner Nets $420,000 Per Unit for Park 205
By Bryce Meyers
CoStar News
January 26, 2016 | 9:02 P.M.

Less than three months after completing the project, High Street Residential and equity partner The Carlyle Group (NYSE: CG) have sold Park 205 at 205 W. Touhy Ave. in Park Ridge, IL to L&B Realty Advisors for $48.25 million, or approximately $420,000 per unit.

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