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RICHMOND, CA-Prime Group Residential of San Francisco has acquired the 240-unit Summit at Hilltop apartment complex for $17.5 million in an all-cash, off-market deal in which due diligence was completed in 10 days. According to broker Brett Betzler of the Costa Mesa, CA office of Chicago-based Moran & Co., who brokered the deal along with Moran president Mary Ann King, Prime Group also waived contingencies on a $1 million deposit.

 

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