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Local Investor Buys Mountain Springs Terrace in Phoenix

Off-Market Multifamily Deal Fetches About $57,500 Per Unit
By Dorothy Spatafore
September 26, 2006 | 1:36 P.M.

New Mountain Springs Terrace LLC, an affiliate of Right Place Properties, purchased Mountain Springs Terrace, an apartment complex at 18202 N. Cave Creek Road in Phoenix, for $7.01 million, or approximately $57,500 per unit.

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