AvalonBay sells 2 properties for $332M

03/22/2013 | GlobeSt.com

AvalonBay said it has sold two multifamily properties in the Washington, D.C., region this month for a total of $332 million. One was the sale of Crystal House in Arlington, Va. Mack-Cali was the purchaser, and it was the REIT's first acquisition in the D.C. area. AvalonBay said its other sale was of the Avalon Decoverly in Rockville, Md.

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