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May 23, 2006

By Sule Aygoren Carranza

Many firms implement renovation programs on relatively new acquisitions, but one firm is taking it to the next level. Real Estate Partners Inc. is in the midst of renovating about 2,500 units in five properties in Arizona, Louisiana and Texas. After the extensive repositioning effort, the locally based company expects to boost rents at the properties by as much as 15% to 20%.

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