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IN BRIEF / Orange County

Pacific Gulf Reports Its Purchase Complete

August 25, 2001|A Times Staff Writer

Pacific Gulf Properties Inc., a Newport Beach real estate investment trust, said Friday that its acquisition by an affiliate of Prudential Insurance Co. of America for $78 million in cash was completed.

Prudential's FountainGlen Properties LLC paid $3.1251 a share and also assumed $65 million in debt.

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