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Continental Realty Corp. has paid $44.5 million, or $268,072/unit, for the 166-unit Bristol at New Riverside apartment complex in Bluffton, S.C., near Hilton Head, S.C. The Baltimore investment manager bought the recently completed property, the former Madison New Riverside, through ...
The property is one of four the REIT acquired for a total of $52.2 million. It assumed a total of $32.7 million of mortgage debt on the hotels.
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