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Southeast multifamily portfolio acquired by Blue Magma Residential and NCP Enterprise Funds

Florida-based Blue Magma Residential LLC and NCP Enterprise Funds have acquired a Southeast multifamily portfolio worth $34 million, PE Hub reported. The property comprises three apartment home communities in Georgia, Mississippi and Alabama. Cushman & Wakefield served as the broker on the transaction while Ladder Capital provided the debt funding for the acquisition.

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Real Estate,commercial real estate,multifamily property,real estate deals