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An entity formed by Tides Equities has acquired Park at Deer Valley Apartments for $56.7 million from an entity formed by Billah Khan, of Chandler, Arizona. The acquisition is part of Tides aggressive acquisition strategy in the market.

To capitalize the transaction, Tides secured a $49.1 million acquisition loan. James DuMars and Griffin Martin, of NorthMarq’s debt/equity team secured the funds on behalf of the borrower.

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Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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