Archstone-Smith lands high-rise apartments

Adds 400-plus units to holdings
Published on Sep 8, 2006

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by CareyBot

Archstone-Smith on Tuesday announced the acquisition St. Francis Place, a 410-unit, high-rise community in downtown San Francisco. Representing a purchase price of $170 million, the acquisition was funded primarily through tax-deferred exchange proceeds from dispositions of apartment communities that no ...

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