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(Save the date: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24.)

SANTA MONICA, CA-Del Rey Urban Capital LLC, part of Urban Group Cos., is moving aggressively into acquisition mode with plans to invest more than $10 million in distressed, foreclosed and at-risk residential properties in Southern California. The real estate investment, fund-management and advisory-services firm with a focus on distressed residential properties in this region has acquired hundreds of non-performing notes and residences since the launch and initial closing of its first fund in 2010 and is looking to add more similar properties to its roster.

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