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October 6, 2005

S-J Management LLC

Seattle-based S-J Management, through its affiliate company, MonteViejo Associates LLC, bought the 480-unit MonteViejo Apartments in North Phoenix for $50.5 million. It's the sixth 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 forms LLCs that are made up of investors, pension plans, IRAs, profit sharing trusts and other mechanisms. The privately held company owns and manages 2,000 apartment units in Arizona and Washington.




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