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MOUNT LAUREL, N.J. — New York Life Real Estate Investors, on behalf of institutional investors, has acquired Mount Laurel Crossing, a garden-style apartment community located in Mount Laurel, approximately 20 miles east of downtown Philadelphia. Built in 1999, the property comprises 13 residential buildings offering a total of 296 units. At the time of sale, the property was 95 percent occupied. The name of the seller and acquisition price were not released.