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Group Buys Crescent Park Apts. in Los Angeles for $65M

Investor Sells 214-unit Multifamily for $303,738 Per Unit
By Rhonda Demarest
February 22, 2006 | 9:25 P.M.

Crescent Park Corp. acquired the 214-unit Crescent Park Apartments at 5710 E. Crescent Park for $65 million, or about $303,738 per unit, with a cap rate of 4.5%.

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