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REIT Snags Calif. Apartments In $118M Deal

By Matthew Perlman (June 5, 2015, 2:45 PM EDT) -- The real estate investment trust Resource Real Estate Opportunity REIT said Friday it has inked a deal to buy a 400-unit residential complex in Yorba Linda, California, for $118 million, just days after a related REIT filed plans for a $1.1 billion initial public offering....

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