Condo Converter's $22M Reins In Allred's Last Multifamily Asset

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Last updated: December 6, 2005 05:50pm

Condo Converter's $22M Reins In Allred's Last Multifamily Asset

By Amy Wolff Sorter

CHANDLER, AZ-The Douglas Allred Co. turns over the 187-unit Crystal Cove Apartments to Falcon Real Estate Investment Co. for $21.7 million. The San Diego-based company gets a 90%-filled complex primed for conversion.

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