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Security Capital Pacific Trust

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BUSINESS
September 18, 1996 | JOHN O'DELL, TIMES STAFF WRITER
Bolstering economists' claims that the local economy finally is coming back from a five-year slump, a Texas investment company said Tuesday that it has begun investing heavily in apartments in and around Orange County. El Paso-based Security Capital Pacific Trust said it has acquired more than $100 million worth of Southern California apartments since May, including a 160-unit Tustin complex. The company also plans to construct 241 apartments on a site that it owns in Aliso Viejo.
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BUSINESS
September 18, 1996 | JOHN O'DELL, TIMES STAFF WRITER
Bolstering economists' claims that the local economy finally is coming back from a five-year slump, a Texas investment company said Tuesday that it has begun investing heavily in apartments in and around Orange County. El Paso-based Security Capital Pacific Trust said it has acquired more than $100 million worth of Southern California apartments since May, including a 160-unit Tustin complex. The company also plans to construct 241 apartments on a site that it owns in Aliso Viejo.
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BUSINESS
November 13, 1996 | John O'Dell
Others are hopping on board the apartment express. A New Mexico real estate investment trust and a Southern California builder have teamed up to acquire nearly 20 acres in Mission Viejo for a big luxury apartment complex. Security Capital Pacific Trust of Santa Fe and Fairfield Residential Inc. of San Diego paid $8.9 million for the property at the corner of Oso and Antonio parkways. Plans call for a 504-unit apartment development.
BUSINESS
April 3, 1998 | Bloomberg News
Security Capital Group Inc. said it plans to merge two of its apartment real estate investment trusts in a transaction valued at about $1.6 billion, creating one of the largest owners and developers in the U.S. Security Capital Pacific Trust and Security Capital Atlantic Inc. will be combined to form Archstone Communities, a company with 304 properties and 90,166 apartments in 19 states throughout the South and West.
BUSINESS
June 13, 1996 | From Bloomberg Business News
After finishing a book on investing legend Warren Buffett one Sunday last fall, Dean Jernigan knew there was just one person with the deep pockets and smarts to help his small, self-storage property company expand. Not Buffett. Bill Sanders. Who? If you haven't heard of Sanders, it's probably because he wants it that way. To those in the business, though, the 54-year-old investor is to real estate what Buffett is to the stock market.
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