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LaSalle acquires luxury multifamily community in Phoenix

US-based LaSalle Investment Management Inc. has acquired San Melia Apartments, a 488-unit luxury multifamily community in Phoenix, on behalf of LaSalle Property Fund, PE Hub reported. Financial terms of the transaction were not announced. The property is spread over 28 acres. LaSalle Investment Management Inc. is a privately owned investment manager providing its services to public and private pension funds, insurance companies, governments, endowments and private individuals.

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Commercial Real Estate, Commercial Real Estate deals,Real Estate,Real Estate deals,Multifamily