440 Apartments Sold
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FOUNTAIN VALLEY — Sycamore Valley, a 440-unit apartment complex, has been bought by BRE Properties Inc. for $23.5 million. BRE, a San Francisco-based real estate investment trust, said the property has 98% occupancy.
The acquisition increases BRE Properties’ holdings in the Los Angeles/Orange County area to seven apartment complexes, the company said.
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