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Volume 4 - Number 5 | March 14, 2006
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TOP STORY: Sale of Lexford Unit Would be Smart Move for EQR, Say Observers
By Sule Aygoren Carranza
Equity Residential reports it is considering the sale of its Lexford division, which includes 299 properties with 27,390 units in 10 states and a Columbus, OH-based property management business. If completed, the sale would cut the locally based REIT’s property holdings by almost a third.
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DEAL WATCH: MCZ/Centrum JV Buys Huge Conversion Property From Aimco
By Sule Aygoren Carranza
In what is expected to be the largest condominium conversion ever in Florida, MCZ/Centrum Florida XVI LLC has entered into an agreement to buy the Flamingo South Beach from the Apartment Investment and Management Co. of Denver for about $620 million.
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INSIDER: E.J. Ridings of Trump Mortgage LLC
By Sule Aygoren Carranza
Despite bearing a well-known name, there’s a new kid on the block. Real estate mogul Donald J. Trump and 25-year real estate and mortgage industry veteran E.J. Ridings have launched a new financing company dubbed Trump Mortgage LLC.
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