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WARREN, MICH. — Sterling Heights, Mich.-based Masonic Village LLC has acquired Masonic Arms, a multifamily property located at 31681 – 31745 Hoover Road in Warren. The 34-unit property sold for an undisclosed price. The buyer was able to secure a 70 percent loan-to-value acquisition mortgage with a local Michigan lender. Kevin Dillon and Cary Scott Belovicz of Hendricks & Partners' Michigan office represented the seller, Pound Ridge, N.Y.-based Parkstone Warren, in the transaction.