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Riverside Multifamily Sells for $24.6M

New Owner for Boulder Creek Apartments
By Brian Barga
September 22, 2010 | 5:34 P.M.

Raintree Partners purchased the Boulder Creek Apartments at 2442 Iowa Ave. in Riverside, CA, for $24.6 million, or about $93,200 per unit, from BRE Properties Inc. The buyer plans to hold the property as long-term investment and to do value-add renovation.

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