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MHN Online | 23/8/2013

Naples, Fla.—A partnership between The Praedium Group and Greystar Real Estate Partners has completed the disposition of Aventine at Naples, 350-unit apartment community located in Naples, Fla. The sales price was $44.3 million. The partnership acquired the property back in 2010 for $22 million and implemented a capital improvement program that increased occupancy from 55 percent to 96 percent. Continental Realty was the buyer.

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