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April 12, 2012

Security Properties

Seattle-based Security Properties, one of the nation's largest multifamily property owners, bought a 408-apartment complex in Tempe, Ariz., called MetroPointe. Security officials would not say how much they paid, but said they used 1031 exchange proceeds from the $42 million sale last year of La Vista apartments in Santa Maria, Calif. Security owns two other Arizona properties in Scottsdale.




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