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PAC Acquires The Venue at Lakewood Ranch for $47.4M

Developer Divests Bradenton Multifamily
By Justin Sumner
CoStar News
May 27, 2015 | 8:30 P.M.

Preferred Apartment Communities, Inc. (NYSE: APTS) has acquired the 237-unit The Venue at Lakewood Ranch, located at 8240 Lakewood Ranch in Bradenton, FL from Davis Development for $47.4 million, or $200,000 per unit.

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