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February 7, 2013

CBRE

CBRE HMF arranged $17.7 million loan for Allied Argenta of Santa Monica, Calif., to buy two low-income housing complexes. Ashwood Downs in Olympia was purchased for $8.7 million. It was built in 1995 and has 96 units. Atherton Woods in Vancouver was sold for $9 million. It was built in 1994 and has 102 units. The units are available to individuals and families. The income restrictions will be extended for 30 years.




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