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DAVIS, CALIF. – The 120-unit Alder Ridge apartment community in Davis has sold to 4005 Cowell Boulevard Property, LLC for $14,900,000. Located at 4005 Cowell Blvd., Alder Ridge was previously owned by The Second Alder Ridge Group. The sale was negotiated by Steven A. Nelson and Al R. Inouye of Hendricks & Partners’ Sacramento office.