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Bay Terrace Apts. Sold for $23.3 Million

REIT Acquires 127-Unit Multifamily Property in San Mateo
By Nancy O'Barr
December 20, 2005 | 3:11 P.M.

United Dominion Realty Trust Inc. purchased Bay Terrace Apartments at 3204 Casa De Campo in San Mateo for $23.3 million, or about $183,464 per unit. The property sold with a 5.3% cap rate.

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