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Lake Cameron Apartments Trade for $43.5M

JV Picks Up 328-Unit Multifamily Complex in Apex
By Derrick B Knight
March 26, 2018 | 3:46 P.M.

A joint venture between Fogelman Management Group and New York investor DRA Advisors acquired the 328-unit Lake Cameron Apartments in Apex, NC from Preferred Apartment Communities (NYSE: APTS) for $43.45 million, or about $132,000 per unit.

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