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EVERETT, WA - CEP Multifamily announced their acquisition of Regal Ridge, a 97-unit market rate garden apartment community in Spokane s desirable South Hill neighborhood. Regal Ridge is the first acquisition in Spokane for the vertically integrated Everett-based firm and grows their existing Pacific Northwest portfolio to 1,606 units, 475 of which are outside of the Puget Sound Region. The acquisition price was $21.5 million ($221,650 per unit), according to Josh Jansen, CEP Multifamily s.

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