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MORENO VALLEY, CA—Bridge Investment Group has acquired the Reserve at Rancho Belago for $30.1 million from Bristol Brokerage Co. Looking to expand its portfolio to the Inland Empire, the buyer plans to implement a value-add strategy by performing renovations and upgrades to the property, which is located at 15100 Moreno Beach Drive in Moreno Valley. Senior directors Margie Molloy and Spencer Scott of Berkadia represented the seller in the transaction.

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