CL Investment Group

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    Greystone originated more than $40 million in Freddie Mac acquisition financing for the buyer of the 407-unit Class B multifamily asset.

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    The sale marked the fourth acquisition for BSR Real Estate Investment Trust in under a year, bringing the entity's portfolio to a total of 51 multifamily assets.

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    The 99-year ground lease valued at $287 million includes three parcels located in Santa Ana, Calif. The tenants plan to develop more than 500 affordable housing units.

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