BRE Properties sells and buys apartment communities in California

09/8/2010 | Commercial Property Executive

BRE Properties has sold a multifamily property, then acquired another along with land in California-based transactions worth $209.6 million. It acquired the 500-unit Aqua Marina del Rey, which was in foreclosure, in Marina del Rey for $166 million. It also bought 2.4 acres in Sunnyvale.

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