RIVERGATE KW Management

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    Capital One provided the loan for the portfolio, which includes properties in Arizona, California, Florida, Oregon and Utah. The mortgage consists of $67.7 million in initial funding.

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    The company, which is headquartered outside of Washington, D.C., expanded its Florida footprint with the $21 million acquisition of two properties totaling 292 units.

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    The current economy encourages nonprofit housing developers to convert historic buildings into affordable homes. Frances Ferguson, vice president of real estate programs at NeighborWorks America, shares some tips on how to avoid the main obstacles in doing so.

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    The 258-unit Zen Living community is more than 75 percent leased.

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