225-UNIT APARTMENT COMPLEX SOLD FOR $28.5 MILLION

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SAUSALITO, CALIF. — Gateway Apartment Partners has sold the 225-unit Ridgeway Apartments to St. Anton Partners for $28.5 million. St. Anton will invest more than $4 million in the property, renovating the interior and exterior of the buildings. Located on 10 acres in Sausalito, the complex offers below-market rents.

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