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Las Vegas Apartments Fetch $20.4 Million

Lighthouse Apartments Sells 240-Unit Villas at Painted Desert
By Micah Horowitz
December 4, 2006 | 4:24 P.M.

VPD1 LLC, a Las Vegas-based investor, purchased Villas at Painted Desert, a 240-unit apartment complex in Las Vegas, for $20.4 million, or approximately $85,000 per unit.

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