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Bethany Park Apts. in Glendale Sold for $8M

CA Investor Bought 172 Units at 5830 N. 67th Ave.
By Phillip Majarucon
September 20, 2005 | 1:27 P.M.

Riedy 2002 Trust and Timothy J. Riedy Trust of Discovery Bay, CA acquired the 172-unit Bethany Park Apartments from Jenco Bethany LLC of Tucson for the sale price of $8.05 million, or about $46,800 per unit. The cap rate is 5.6%.

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