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MOUNT PLEASANT, S.C. —CNL Macquarie Global Growth Trust and Woodfield Investors have entered into a joint venture to build a 258-unit, Class A multifamily residential development on 32 acres in Mount Pleasant. The partnership purchased the raw land for $3.4 million. Woodfield will manage the construction and development, while CNL Macquarie Global Growth Trust will provide capital, strategic guidance and oversight. Construction will begin in the third quarter this year.