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VALLEY BUSINESS | REGIONAL ROUNDUP

Valley Country Club Apartments Purchased

February 13, 2001

The Valley Country Club Apartments in Sherman Oaks have been purchased by Pacific Property Co. of Palo Alto for more than $9.9 million.

Pacific plans to spend an additional $1.6 million to renovate the property near Sepulveda Boulevard and the San Diego Freeway.

Investment Real Estate Associates arranged the transaction between Pacific and a local investor.

Pacific Property is an independently owned investment company that acquires apartments throughout the Pacific Northwest and California.

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