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FREDERICK, MD-KBS Legacy Partners Apartment REIT has acquired a local garden-style apartment community here. The Newport Beach, CA-based non-traded REIT paid $44.9 million for the asset, which was 93% occupied at the time of the deal.

The complex, Crystal Park at Waterford, consists of 12 buildings and its acquisition brings the number of units in KBS’s portfolio to 2,294. The REIT owns properties in Maryland, Minnesota, Texas, North and South Carolina and Illinois.

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