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Scully Co. Pays $37.4M for South Florida Apt. Complex

Shoma Development Corp. Listed 302-Unit Property at $60 Million
By Jeffrey Mehall
February 9, 2009 | 1:48 P.M.

Scully Co. of Pennsylvania acquired the Pembroke Cove Apartments in Pembroke Pines, FL, from Shoma Development Corp. for $37.42 million, or about $124,000 per unit. The property was originally listed at $60 million.

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