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AvalonBay Relies on LM for a Flurry of Year End Activity
For most companies, the acquisition of over 1,300 apartment homes would be a great year. For apartment REIT AvalonBay, these transactions are just the latest in a long history of acquiring high quality rental housing. LM Consultants is proud to have provided due diligence assistance in each of these transactions.
Canyonwoods in Lake Forest, CA is a development of 140 apartment homes in the southern Orange County area of Los Angeles. Completed in 1978, Canyonwoods enjoys a great location near the Interstate 5 and Interstate 405 freeways.
Fox Run Apartments in Plainsboro, NJ consists of 776 apartment homes near the prestigious Princeton University. Fox Run Apartments is just the first acquisition in New Jersey for AvalonBay’s Fund II.
Waterstone Carlsbad in Carlsbad, CA enjoys 450 apartment homes in San Diego’s desirable Northern suburb. With plans in place to renovate the units that have been previously un-renovated will bring this property to a level sought after by area residents.
For additional information on AvalonBay and these transactions, please consult their press release available here: http://bit.ly/dKHgkw
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