REIT gains new multifamily development

Units feature latest technologies
Published on Feb 18, 2005

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by CareyBot

Archstone-Smith, a multifamily real estate investment trust, has acquired Oak Creek Apartments, a brand-new 336-unit luxury multifamily community in Agoura Hills, Calif. The value of the transaction was $99.6 million. Oak Creek Apartments was completed in October 2004 by the ...