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December 2, 2004

S-J Management

S-J Management, through its affiliate Monterra Associates LLC, bought the 258-unit Monterra Apartments in Phoenix for $18.16 million. It's the fifth time since July 2003 that a limited liability company formed and managed by S-J has acquired a Class A, institutional core asset in Arizona. S-J is one of the more active buyers of large multifamily properties in Washington and Arizona. It owns and manages 793 units in Arizona and 2,407 in Washington.




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