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California Firm Closes $110 Million Workforce Housing Fund With Greater Cincinnati Deal

Revitate Cherry Tree's Acquisition of Lawrenceburg, Indiana, Complex Brings Fund to 841 Units
The 96-unit Tuscany Bay apartments was built in 1999 in Lawrenceburg, Indiana. (CoStar)
The 96-unit Tuscany Bay apartments was built in 1999 in Lawrenceburg, Indiana. (CoStar)
By Kelly Weingart
CoStar Research
May 30, 2023 | 7:39 P.M.

A firm led by a co-owner of the NBA's Sacramento Kings has acquired an apartment complex in greater Cincinnati to close out a $110 million fund targeting apartment buildings in the Midwest.

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