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CEDAR RAPIDS, IOWA — Minneapolis-based Timberland Partners has acquired Granite Ridge Apartments, a 101-unit apartment property located in Cedar Rapids. Located at 620 Ashton Place Northeast, the property recently underwent an interior and exterior renovation. Alex Blagojevich, David Gaines and Matt Fitzgerald of Marcus & Millichap represented the buyer and the undisclosed seller. The property sold for $5.2 million.