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GRAND LEDGE, MICH. — Greystone Bel Real Estate Advisors has arranged the $3.2 million sale of a 50-unit apartment property in Grand Ledge, about 12 miles west of Lansing. The building, constructed in 1906 and renovated in 1988, is located at 115 Perry St. Buyer and seller info was not disclosed, but the asset traded at a cap rate of 7.1 percent.