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Transactions - APRIL 25, 2016

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TIAA purchases Florida apartment complex

by Zoë Wolff

TIAA has acquired the Edge at Flagler Village in Delray Beach, Fla., for approximately $114.4 million from the Morgan Group, according to Real Capital Analytics.

The 332-unit apartment complex was built in 2015 and is currently 95 percent occupied.

In the past six months, TIAA has acquired four other apartment complexes located in Austin, San Diego, Seattle and Washington, D.C.

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