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September 13, 2007

Carmel Partners

Carmel Partners of San Francisco recently acquired six properties in three of its primary markets: Southern California, Seattle and Denver. The Seattle area properties are Skyline Park Apartments in Kent and Piedmont Apartments in Bellevue. Skyline has 192 units and cost $21.2 million. The $2.37 million capital budget includes clubhouse construction, amenities and interior renovations. Piedmont Apartments has 396 units and the price was $53 million. Carmel Partners has an office in Seattle.




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