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LOS ANGELES—Decron Properties has acquired a two-property, 391-unit multifamily portfolio in Thousand Oaks for $126.5 million from Prometheus Real Estate Group. The investor plans to spend an additional $15 million in capital improvements on the property with a five to 10 year hold period. This acquisition reaffirms Decron’s commitment to buying well-located value-add properties in supply-constrained markets.


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