304-UNIT APARTMENT PROPERTY ACQUIRED IN NORTHERN VIRGINIA

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WOODBRIDGE, VA. — Richmond Heights, Ohio-based Associated Estates Realty Corp. has acquired Riverside Station Apartments, a Class A multifamily property in Woodbridge, for an undisclosed price. Built in 2005, the 304-unit property offers attached and detached garages, a fitness center, a playground, an outdoor pool, a media room and an executive business center. At the time of acquisition, the property was 95 percent leased. The seller was not undisclosed.

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