TRYKO BUYS AFFORDABLE HOUSING DEVELOPMENT IN NEW JERSEY

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ATLANTIC CITY, N.J. — Brick-based Tryko Partners has acquired the Barclay Arms, a 75-unit affordable housing development at 814 N. Virginaia Ave., for a reported $5 million. Tryko purchased the apartment property from Max Gurwicz Enterprises in an off-market sale. The property is more than 90 percent occupied. Tryko intends to upgrade the property.

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