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RALEIGH, N.C. — New York-based Polo Run LLC has purchased Polo Run Apartments, a 278-unit apartment complex located at 1822 Generation Dr. in Raleigh, from Springfield, Mass.-based North Carolina Raleigh LLC, for $12 million. The property was formerly known as Frenchwood Pointe Apartments. Jeff Gorodensky of Lodi, N.J.-based Sperry Van Ness/FG Commercial Real Estate represented both the buyer and seller in the sales transaction.