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PRUDENTIAL PENFED REALTY ACQUIRES PRUDENTIAL COASTAL PROPERTIES

PENSACOLA, FLA. — Prudential PenFed Realty, a full-service real estate company serving
the Northeast, Mid-Atlantic and Southeastern United States, has acquired Pensacola-based
Prudential Coastal Properties, a full-service real estate agency that serves northwest Florida’s
residential and commercial properties. Prudential Coastal Properties has been in business for
12 years and will be renamed Prudential PenFed Realty.

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