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Sobrato Pays $44M for Woodland Hills Multifamily

Group Sells 85-Unit Montecito Apts.
By Keith Dornin
February 4, 2008 | 8:08 P.M.

Sobrato Development Cos. acquired the 85-unit apartment building at 6203 Variel Ave. in Woodland Hills, also known as the Montecito Apartments, from Variel Warner Ventures LLC for $44 million, or about $517,647 per unit.

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