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Group Sells Oakland Area Multifamily Bldg. for $108M

Investors Acquire 284-Unit Windsor at Metropolitan Complex in CA
By Lauren Greenwald
March 26, 2008 | 6:40 P.M.

General Investment & Development Cos. sold 5684 Bay St. in Emeryville, CA, to Richard Ross and Socorro Vasquez for $108 million, or about $380,282 per unit, with a cap rate of 4.25%. The property was roughly 66% occupied at time of sale.

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News | Group Sells Oakland Area Multifamily Bldg. for $108M