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Grand Arbor Reserve Snags $18.9M

Asset Development Group Buys 278-Unit Raleigh Multifamily
By Travis J Winn
September 8, 2008 | 2:30 P.M.

Jupiter, FL-based investor Asset Development Group purchased the Grand Arbor Reserve apartment complex in Raleigh, NC, from a private party for $18.9 million or about $68,000 per unit.

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