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POMONA, CA-Lowe Enterprises Investors of Los Angeles hasacquired the 100-unit Helix at University Village student housingcomplex at 510 E. Third St. in a joint venture with Carlsbad-basedVirtú Investments Inc. for more than $15.12 million. The property,completed in 2005, serves the nearby Western University of HealthSciences and "is one of only a few new multifamily developments inPomona in almost 20 years," notes Alon Kraft, VP of LoweEnterprises Investors.

Lowe Enterprises Investors, which is an affiliate of LosAngeles-based Lowe Enterprises, bought the student housing propertyon behalf of Lowe Enterprises Real Estate Income and GrowthPartners, a $201-million value-added investment fund that targetscommercial and multifamily investments nationwide. The four-storyHelix at University Village was built in 2006 and is composed of 24studios, 24 one-bedroom units and 52 two-bedroom units.