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READING, MASS. — Henderson Global Investors has acquired Reading Commons, a 204-unit luxury multifamily community located in the Boston suburb of Reading, for $48.5 million. The property was originally developed by Archstone Properties in 2006; occupancy was 97 percent at the time of closing. Henderson has selected Boston-based Corcoran Management Co. to manage day-to-day operations of the property. Henderson acquired Reading Commons on behalf of CASA Partners IV, the company’s value-add fund. The acquisition marks the funds first purchase in the Northeast and its third property acquired in 2008.