Apartment Plus Real Estate Investment Trust (“A+ REIT”) is pleased to announce the finalized acquisition of the outstanding 50% co-ownership position at 785-795 Sterling Lyon Parkway (branded The Spot at Tuxedo Point Phase I) being a stabilized, built-for-rent, multi-family property. This acquisition presents an exciting opportunity to centralize control of a premium asset in the near-complete broader Tuxedo Point site which enjoys a superior location and appeals to a wide array of high-quality tenants.
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