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ATLANTA — Grubb & Ellis Realty Investors recently purchased a 222-unit multifamily community at 3100 River Exchange in Sandy Springs, Ga., from AMLI Residential for an undisclosed sum. The 23-acre property, which was built in 1997, comprises nine residential buildings and a clubhouse as well as a pool and a fitness center. David Pike and Anne McNeil of Wachovia arranged financing for the purchase.