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February 19, 2020  

California Apartment Portfolios Trade

Two rent-controlled apartment portfolios in California changed hands this month at a combined valuation of $292 million.In the larger deal, Prado Group and Rockpoint Group sold 11 properties in San Francisco, totaling 275 units, to three buyers for a total of about $175 million. Eastdil Secured and Colliers International brokered the sales for San Francisco-based Prado and Boston-based Rockpoint. The overall price translates to...

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