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PREI Trades Metro Boston Multifamily for $88 Million

Mack-Cali Finalizes Acquisition of 412-Unit Complex
By LaShawnda Sharp
April 10, 2013 | 4:41 P.M.

A joint venture led by Prudential Real Estate Investors completed its sale of Alterra at Overlook Ridge 1B at 11 Overlook Ridge Drive in Revere, MA, to Mack-Cali Realty Corp. (NYSE: CLI) for $87.95 million or $213,485 per unit.

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