- In a joint venture, DRA Advisors in New York and Steven D. Bell & Co. in Greensboro, N.C., bought 25,684 apartment homes in 86 communities for $1.7 billion from Denver-based UDR. As of year-end 2007, the portfolio had total income per home of $744 per month, average occupancy of 94.4 percent, and an operating margin of 62.3 percent.
Mixed Bag: Deal Activity Rises in 1Q 2008
Deal pace is falling off, but some activity remains.
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