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Brooklyn Group Buys 356-Unit Brandywood Apt. Complex

Local Group Sells Phoenix Multifamily for $16.68 Million
By Robert Baker
July 20, 2006 | 12:00 P.M.

Brooklyn, NY-based AJE Realty LLC completed the purchase of the Brandywood Apartments for $16.68 million, or nearly $46,850 per unit, at a cap rate of 6.07%. The seller was Phoenix-based Gran Victoria Housing LLC.

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