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Capital Square Realty Advisors has paid $155 million, or $391,414/unit, for the 396-unit Bell Parkland Apartments in Parkland, Fla., which is just west of Boca Raton, Fla. The Glen Allen, Va., investment manager, which typically buys properties and syndicates them ...
Wells Fargo Bank provided $39 million of acquisition financing.
KeyBank provided $16.55 million of debt for the purchase.
BB&T provided $9.5 million of financing for the purchase.
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