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Cortland Acquires Centennial Ridge Apts. for $38.8M

Buyer Will Spend Additional $10.6M to Upgrade Units
By Michael White
May 9, 2012 | 6:39 P.M.

Cortland Partners purchased the Centennial Ridge Apartments at 100 Calibre Creek Parkway in Roswell, GA, for $38.8 million or $58,358 per unit. Torchlight Investors LLC sold the 664-unit complex, which was 91 percent occupied at the time of sale.

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