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    The 106-bed property was leased to an affiliate of C. Ross Management. This is AdCare’s first acquisition since it transitioned to a property holding and leasing company.

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    The 232-unit Villages at Turtle Creek was built in 1985 and includes 15 buildings. The company plans to invest $3 million on upgrades to the community.

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  • Lloyd Jones Capital Names CFO

    Raul Ramirez began his career in the tax department of PricewaterhouseCoopers. He has also worked for Toll Brothers, WCI Communities and Morgan Stanley.

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    Avison Young brokered the deal, which amounted to $450,000 per unit. The property, called Hillpointe, includes 30 units in Hollywood Hills.

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    A Dallas-based limited-liability corporation has acquired Garden Park Apartments, a 252-unit property in the Texas city from a California-based investor.

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  • Affirmed Housing Opens Affordable San Diego-Area Community

    Eastgate serves low-income families and veterans. Built by Wermers Construction, the property includes 42 units and is located in San Marcos, Calif.

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    TNJ Properties acquired Orchard Drive Associates' 264-unit Orchard Drive Apartments in Whitehall, Pa., and Presidential Associates' 268-unit Presidential Court Apartments in Runnemede, N.J.

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    The company paid $13.4 million to acquire Tierra Santa, a 274-unit property at 4620 W. McDowell Road. ARA Newmark brokered the transaction, which was subject to a $10 million loan originated by Walker and Dunlop.

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  • TruAmerica Nabs Orlando Community for $48M

    TruAmerica has expanded its portfolio with the purchase of Arium Falcon Pines, a 300-unit luxury community. The property will be rebranded as Canterbury Cove, and receive interior and exterior upgrades.

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