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| In the first of more deals Reynolds Asset Management is seeking in Greater Cleveland, the New Jersey-based company acquired the Park Place Apart- ments on Brookpark Road in the city of Brook Park near Hopkins Inter- national Airport, (Reynolds). CLICK IMAGES TO ENLARGE THEM |
In a move that expands its portfolio westward into a new market, East Coast-based Reynolds Asset Management, with financing provided in partnership with Northwest Bank, announced it has closed on the acquisition of a 125-unit multifamily apartment complex in the Greater Cleveland area. It is Reynolds’ first real estate asset acquisition in the Midwest and the first of more deals it is seeking in the Cleveland-area market.
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