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AAT Enters Purchase Agreement on 533-Unit Pacific Ridge Apts in San Diego

$232M Acquisition Structured as Possible 1031 Exchange
By Justin Sumner
CoStar News
March 29, 2017 | 3:59 P.M.

American Assets Trust, Inc. (NYSE: AAT) has entered into a purchase agreement to acquire the 533-unit Pacific Ridge Apartments at 5945 Linda Vista Rd. in San Diego, CA from San Francisco-based developer Carmel Partners.

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