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Real Estate Rumors: AVR, Deutsche Bank, Codina

By Andrew McIntyre (August 4, 2017, 4:59 PM EDT) -- A venture of David Werner and Carlton Associates has picked up a multifamily portfolio spanning four Southern states from AVR Realty Co. for $510 million, The Real Deal reported on Friday, citing sources. The 11 buildings that make up the portfolio are located in South Carolina, Tennessee, Louisiana and Georgia, and the properties have a combined 3,600 apartments and 3.6 million square feet, Real Deal said. The buyers may look to develop another 200 units at the buildings, Real Deal said, citing sources....

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