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JER Sells 464-Unit Glen Park at West Campus

Fairfield Residential Pays $140,600 Per Unit for Apt. Complex in Federal Way
By Ryan King
January 25, 2008 | 8:20 p.m.

Multifamily investment group Fairfield Residential acquired the 464-unit Glen Park at West Campus Apartments in Federal Way, WA, for $65.6 million, or $141,400 per unit, with a cap rate of 5.18%. The seller was a joint venture of JER Partners and FSC Realty.

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