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SAN FRANCISCO-Locally based Trinity Properties has acquired a 74-unit apartment complex at 1890 Clay St. from lender UBS for $25.5 million. Managing director Stephen Pugh of Alain Pinel Investment Group, which represented UBS in the transaction, tells GlobeSt.com that the sale closed at a cap rate of just below 5% and above the asking price of $24 million.

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