PRIME INCOME ASSET MANAGEMENT ACQUIRES 200-UNIT APARTMENT COMPLEX

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HOLLAND, OHIO — Dallas-based Prime Income Asset Management has acquired a 200-unit apartment community located off of Airport Highway in the Toledo, Ohio, suburb of Holland. The company purchased Quail Hollow at the Lakes in April, and is in the process of repositioning the asset. The property consists of one-, two- and three-bedroom units with 9-foot ceilings. Amenities at the property include a swimming pool and a state-of-the-art fitness center. The acquisition price was not disclosed.

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