Art Wadlund of the Tucson office of Hendricks & Partnersrepresented the seller. Other players on the sellers' side includePatrick Slavin of Hendricks & Partners Phoenix office and JimHearn and Mark Hendricks both of the Houston office of Hendricks& Partners.

At the end of September, CNC purchased the 254-unit Ashley ofSpring Valley apartment complex in Orlando, FL. In August, itpurchased a 58,630-sf office building called Falling Creek One at14614 Falling Creek in northwest Houston, neighbored by other CNCbuildings. In June, CNC bought the 230-unit apartment complex,Seabrook Pirates Landing at 2727 E. Nasa Rd. One in Clear Lake, aneastern suburb of Houston. CNC has more than 50 apartment complexesas well other property types in its portfolio.