Cut-Rate, All-Cash Bid Wins Old Town Asset

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Last updated: October 14, 2008 07:53pm

Cut-Rate, All-Cash Bid Wins Old Town Asset

By Amy Wolff Sorter

SCOTTSDALE, AZ-An investor buys the partially renovated Kalarama Apartments for $67,000 per unit, getting a foothold in an area where the minimum buy-in is $80,000.

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