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January 21, 2016

Pathfinder closes fund

San Diego-based Pathfinder Partners closed its fifth real estate acquisition fund. The firm has spent almost half of the $87 million on seven properties in the Western U.S. that have closed and two more that are under contract. They include Cedardale Apartments, a 126-unit complex at 2501 S.W. 336th St. in Federal Way. Other properties are located in Portland, Las Vegas, San Diego and Phoenix. Pathfinder focuses on smaller properties that need work. It has bought or sold property worth about $1 billion since 2006.




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