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Monogram Residential Puts Down $143 Million for Brand New Arlington Apt. Complex

The Penrose Group Nets Second Highest Per Unit Price in Arlington's History in Sale of Latitude Apts.
By Michael Harvey
May 22, 2017 | 1:34 P.M.

Monogram Residential Trust (NYSE: MORE), a multifamily-centric real estate investment trust headquartered in Plano, TX, late last month finalized a deal to acquire The Penrose Group's recently completed Latitude apartment complex in Arlington, VA for $143 million, or approximately $540,000 per unit.

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