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LSR Communities sold the 360-unit Arbor Oaks Apartments on Friday for $77 million. Los-Angeles based JRK Property Holdings purchased the property with a new 10-year loan of $58.6 million.
Located south of the State Road 7 and Glades Road intersection in Boca Raton, Arbor Oaks sits on 31 acres and consists of eighteen three-story buildings totaling 25,000 square feet. It includes one pool, clubhouse, and a lake.
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