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WASHINGTON, DC-J Street Cos. has decided that the single-family home business—although clearly picking up and even gaining the attention of many institutional investors—is not for it. So it has sold its residential business, Randall Hagner Residential to a Long & Foster company for an undisclosed amount. “We like the business, but for a smaller organization like ourselves it’s difficult to straddle both residential and commercial,” J Street Cos.’ president Bruce Baschuk tells GlobeSt.com.

However the company is interested in the residential asset class–very interested in fact—but only in its commercial incarnation. Multifamily and condos are two categories in which J Street is about to become active, Baschuk says.

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