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March 10, 2011

Dune, TDI multi-family JV

Dune Real Estate Partners and TDI Real Estate Holdings formed a $1 billion joint venture to buy and develop multifamily assets in the U.S. The JV will target Class A investments in core markets. A Dune spokesperson said the partners won't say what markets or whether Seattle is among them. The managers are former executives of JPI, a national company that bought and built more than $11 billion of apartments over the past two decades. In 2003, when the market tanked, JPI closed its local office.




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