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Grubb JV Buys Riverwoods Apts. for $10 Million

Dileweg Sells 174-Unit Multifamily in North Raleigh
By Kindal Newsome
November 17, 2010 | 9:26 P.M.

Grubb Properties Inc. partnered with Federal Capital Partners to acquire the 174-unit Riverwoods Apartment complex in Raleigh, NC, from The Dileweg Cos. for $10 million, or about $57,557 per unit.

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