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DALLAS-Lowering the curtain on a 12-year investment, Henry S.Miller Cos. Inc. has sold the 127-unit Deep Ellum Lofts to WestdaleAsset Management Inc. Based on average sales of higher-end class Bproperties, the three-building historic complex most likely drew atleast $13 million due to its renovation, in-town location, highoccupancy and prominence in the market.

The sale culminates years of renovation, partnership disputesand stabilization efforts for the project, which traded at 93% to95% occupancy despite the uphill battle, according to Greg Miller,senior vice president and general counsel of the Dallas-based firm.The off-market deal, sealed in the last weeks of 2007, consisted ofthe 61-unit Continental Gin Building at 3311 Elm St., 37-unit Farm& Ranch Building at 3300 Main St. and 29-unit Murray Buildingat 3401 Commerce St.