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Shelter Resources to acquire property in Washington

Eashington-based real estate developer, Shelter Resources, Inc. has acquired a 164-unit affordable housing property named College Glen Apartments in Lacey, Washington, REBusiness Online reported. The price of the acquisition was $19.3 million. The transaction was brokered by Kidder Mathews. College Glen is a low-income housing tax credit property. The community contains a playground, community center and indoor sports court. The seller was College Glen Apartments LP.

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Multifamily,real estate deals,commercial real estate,commercial real estate deals