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Enterprise Community Development closes on $28.7M multifamily community

Enterprise Community Development, the Baltimore-based nonprofit affordable housing owner and developer in the mid-Atlantic market, Thursday announced it closed on the sale of Auburn Pointe Apartments in Newport News, Virginia for $28.7 million. The community, originally purchased by CPDC, an Enterprise Community Development subsidiary, in 2015, was sold to an affiliate of Bethesda-based RailField Partners, who purchased . ....

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