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STL apartment complex sells for $71M

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A 278-unit multifamily apartment complex in St. Louis sold for nearly $71 million.

Invesco Real Estate purchased the real estate from Balke Brown Transwestern, which developed it in 2013 for $42 million. The property is located in the Forest Park area.

Real estate data firm Reonomy notes the purchase is the largest transaction of the year so far in St. Louis.

Read more from the St. Louis Business Journal.

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