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CHICAGO-Waterton Residential has acquired $109.5 million of debt secured by four apartment complexes in North Carolina and California and, after previously buying $179.2 million in debt secured by multifamily assets earlier this year, plans to buy $150 million more in debt and/or properties by the end of 2010. The most recent debt acquisitions include mortgages secured by the Exchange at Brier Creek, a 274-unit property in Raleigh, NC; and three properties in California: the 139-unit Skyline Terrace Apartments in Burlingame, the 628-unit Waterstone Corona Pointe in Corona and the 296-unit Copper Canyon Apartments in Riverside.

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