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Birmingham Firm Sells Ridge Crossings Apts. for $68.5M

Florida Group Purchases 720-Unit Multifamily Complex
By Spring Franklin
November 8, 2007 | 4:55 AM

Engel Realty Co. Inc., of Birmingham, AL, sold Ridge Crossings Apartments, a 720-unit apartment complex in Hoover, AL, to New Dawn Cos., of Davie, FL. The property sold for $68.5 million, or about $95,139 per unit.

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