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CORVALLIS, ORE. — Los Angeles-based RPM Investments Inc. has acquired North Pointe Apartments, a 160-unit multifamily community located at 2675 Lancaster St. in Corvallis. Seattle, Wash.-based North Pointe Apartments NW LLC sold the property for $12.37 million. Built in 1996, the property consists of two-bedroom/one-bath units measuring 846 square feet. The community features a pool and spa, a children’s playground, a sport court, laundry facilities, garages and a business center. Phil Oester of Hendricks & Partners’ Phoenix office represented the seller in the transaction.