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Sherwood Apts. in Folsom Sell for $50.4 Million

TRI Commercial Brokers Trade of 336-Unit Complex
By Brandon King
September 15, 2010 | 9:31 P.M.

A Bay Area investor connected with Riverstone Residential Group closed on its purchase of the Sherwood Apartments, at 2300 Iron Point Road in Folsom, CA, for $50.4 million or $150,000 per unit. Elliott Homes Inc. was the seller.

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