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Redhill Realty Buys San Jose Apt. Complex

144-Unit Fairway Glen Apts. Sells for $25.2M
By Joseph D Smith
May 16, 2007 | 11:59 AM

Redhill Realty Investors of San Diego purchased the 144-unit Fairway Glen Apartments in San Jose, CA, last month for $25.2 million, or about $175,000 per unit, with a cap rate of 4.9%. The seller was an investor known as Fairfield Fairway Glen LLC.

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