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Archstone-Smith Buys RiverBend Apartments for $98 Million

400-Unit, 50-Bldg. Complex in Yorba Linda Fetches $247,000 Per Unit
By Daniel J. Temblador
December 18, 2006 | 3:58 P.M.

Archstone-Smith Operating Trust purchased the 400-unit RiverBend Apartments, at 25550 River Bend Drive in Yorba Linda, CA, for $98.8 million, or about $247,000 per unit.

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