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Citi-Led Housing Fund Venture Buys Harlem's Savoy Park

By Jake Simpson (June 21, 2012, 2:21 PM EDT) -- A real estate equity fund joint venture between Citigroup Inc. and L&M Development Partners Inc. has acquired the financially troubled Savoy Park apartment complex in Manhattan's Harlem neighborhood from Area Property Partners LP and Vantage Properties LLC, the companies said Thursday....

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