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February 17, 2011

Security buys Denver complex

Seattle-based Security Properties bought a 276-unit affordable apartment property in Thornton, Colo., called The Reserve at Thornton. Security acquired the general partner position and a majority of the economic interests from Trammell Crow Residential. It has a swimming pool, fitness center, business center and playground, and occupancy is 97 percent, Security said. The company has three other apartment properties in Denver.




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