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LONG BEACH, CA-Philadelphia-based BPG Properties Ltd., a private equity fund managers, has sold the Crossings at the Bay, a 237-unit multifamily here for $34.5 million to Phoenix Realty Group. The multifamily community contains a mixture of one and two bedroom, garden style apartments and is located within two miles of freeways 405, 22 and 605 and one mile of California State University at Long Beach.

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