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Investor Secures Loan for $65 Million LA Apartment Acquisition

The Preston Fetches Above-Average Price in Glitzy Suburb
The Preston apartment building sits in Los Angeles’ Mid-Wilshire area, which fetches some of the city's highest rents. (CoStar)
The Preston apartment building sits in Los Angeles’ Mid-Wilshire area, which fetches some of the city's highest rents. (CoStar)
CoStar News
March 19, 2020 | 8:49 P.M.

An investment firm secured a $65 million loan for its hefty purchase of and plans to reposition an apartment property in Los Angeles' Miracle Mile.

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