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The Pepper Building Sells For $50.85 Million

TIAA-CREF Acquires 185-Unit Apartment Building
By Jamie Derizzio
June 29, 2011 | 6:26 P.M.

TIAA-CREF purchased The Pepper Building at 1830 Lombard St. in Philadelphia, PA. Philadelphia Management Company sold the apartment complex for $50.85 million, or about $275,000 per unit.

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