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NOTABLE TRANSACTIONS: California group pays $28.6 million for apartment complex


NOTABLE TRANSACTIONS: California group pays $28.6 million for apartment complex
Wednesday, March 10, 2021 8:09 AM
A California group paid $28.6 million for Signature Place Apartments in West Des Moines. The photo shows one of the buildings in the complex. Photo provided by Polk County assessor
A real estate investment trust based in California paid SM Signature Place LLC $28.6 million for a West Des Moines apartment complex, Polk County real estate records show.
The complex, Signature Place Apartments at 210 S. Prairie View Drive, includes 261 units spread over seven three-story buildings. The complex, constructed in 1997, includes garages as well.
The real estate trust fund, VA7 Jordan Creek LLC,is based in Irvine, Calif. ....

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