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Fairfield Residential sold the Alister Boca Raton apartment complex yesterday for nearly $71 million. Buyer Mill Creek Residential funded the sale with a new loan of $46 million with CBRE.
The Alister Boca Raton apartment complex consists of 488 units built in 1988. It is within minutes of a Publix Supermaret as well as the Boca Dunes Golf & Country Club. It is slated for renovation in 2016.
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