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LOS ANGELES—TruAmerica Multifamily and Intercontinental Real Estate Corp. have purchased the Millennium Woodland Hills for $163 million in their final acquisition of the year. Built in 2015, the class-A 395-unit multifamily property is a bit of a divergence from the firm’s typical value-add, class-B strategy, but illustrates the firm’s interest in buying stabilized, core assets when the opportunity is right.

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