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SPARKS, NV—A.G. Spanos Cos. has sold Eastland Hills, a 296-unit multifamily property here, to Standard Management Co. for $27.5 million. The property was constructed in 1998 and is composed of 21 buildings situated across almost 16 acres. IPA EVP Stanford Jones and VP investments Philip Saglimbeni and Salvatore Saglimbeni advised the seller in the transaction, and Kenneth N. Blomsterberg, first VP investments in Marcus & Millichap‘s Reno office also provided representation. The same team also advised the buyer.


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