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JPI Buys Framingham, MA Apt. Complex for $220M

Capital Properties Sells 3-Building, 1,601-Unit Multifamily Portfolio to Irving, TX Firm
By Deena Dietrich
April 16, 2007 | 8:18 P.M.

JPI Inc., an Irving, TX-based company, acquired three adjacent apartment buildings on Worcester Road in Framingham, MA, for $220 million. Capital Properties sold the multifamily complex for about $137,414 per unit.

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