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Legg Mason Buys Dolphin Bay Apts. for $11.4M

Group Sells 85-Unit Multifamily in Oxnard
By Melissa Sicola
August 23, 2007 | 3:46 AM

Legg Mason, out of Baltimore, MD, purchased the Dolphin Bay Apartments at 5300 S. J St. in Oxnard, CA. The property was acquired from Brentwood Holdings LP for $11.4 million, or approximately $134,118 per unit, with a reported cap rate of 5.66%.

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