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CBRE ARRANGES $21.5M SALE OF CARDEN PLACE APARTMENTS

MEBANE, N.C. — CBRE has brokered the $21.5 million sale of Carden Place Apartments, a 240-unit neighborhood apartment community in Mebane, about 20 miles northwest of Chapel Hill, N.C. The sales price equates to approximately $89,583 per unit. Hal Kern, Richard Montana and Phil Brosseau of CBRE represented the buyer, James Island, S.C.-based Middle Street Partners, in the transaction.

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