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TruAmerica and Allstate to buy multifamily property in California

Insurance firm, The Allstate Corporation, and real estate investment firm, TruAmerica Multifamily LLC, have entered into a joint venture to acquire the 519-unit Eagles Point Apartment Community. The property is located in San Diego, California. The price of the deal was approximately $90 million, PE Hub reported.

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