(To read more on the multifamily market, click here.)

ORLANDO-America First Apartment Investors Inc. of Omaha hasclosed on the $33-million sale of St.Andrews at Westwood Apartments to Miami-based condo converter TCGAcquisitions Inc., as GlobeSt.com reported Sept. 15.

Taking advantage of a sizzling condo conversion market inFlorida, the Nebraska equity REIT plans to record a fourth-quartergain of about $20 million on the sale, company CEO John H. Cassidysays in a prepared statement.

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