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LAKE JACKSON, TEXAS — Chicago-based Redwood Capital Partners has acquired Edgewater Apartments, a 228-unit multifamily property located at 514 That Way in Lake Jackson, as part of its tenant-in-common portfolio. Newly built in 2005, Edgewater comprises one- and two-bedroom units and has occupancy in the high 90 percent range. Chicago-based Alliance Holdings was the seller.