DENVER-A 42-unit apartment building's location near a medical center prods housing authority into purchase. The deal equates to $44,048 per unit.
Grant Wimbush, the Grubb & Ellis Co. broker who handled the transaction, says the purchase is attractive to the housing authority because of the property's proximity to the Swedish Medical Center. Resinoid Engineering Corp. is the seller.
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Multiple other categories also improved such as vacancies and rents.
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