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Waterstone Landing Trades for $5.7M

Resource Real Estate Expanding Presence in Memphis Market
By Teresa Blackmon
May 5, 2010 | 1:44 P.M.

Resource Real Estate Inc. acquired the Waterstone Landing apartment complex at 5995 Waterstone Oak Way in Memphis from Harbor Group International LLC for $5.65 million, or about $15,000 per unit. The 378-unit, 360,989-square-foot, multifamily community was built in 1973 in the 385 Corridor submarket.

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