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LOS ANGELES-Phoenix Realty Group has acquired three apartment complexes totaling 424 units for $31.5 million, marking the work force housing specialist’s first significant investment in Southern California since 2006, Phoenix senior vice president Alex Saunders tells GlobeSt.com. Saunders says the company, which is on the lookout for other multifamily acquisitions, views this as a good time to buy in light of low rent levels and other market conditions that are conducive to investing.

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