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California Investor Pays $14.3 Million for Morgan Place Apartments in Clemmons

Welborn Associates Sells 234-Unit Multifamily Complex
By Lakisha Johnson
August 2, 2018 | 3:16 P.M.

Morrison Avenue Capital Partners, a multifamily investor based in Carmel, CA, purchased the Morgan Place Apartments in Clemmons, NC from local investor Welborn Associates for $14.3 million, or about $61,000 per unit.

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