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Developer Completes Third Apartment Deal

SAN DIEGO-In its third transaction in a month, H.G. Fenton Co. has acquired Club River Run, a 368-unit luxury apartment community in Mission Valley for $49.5 million.

By Randyl J. Drummer | Updated on May 02, 2002

SAN DIEGO-H.G. Fenton Co. has acquired Club River Run, a 368-unit luxury apartment community in Mission Valley, for $49.5 million.

This transaction marks the last of three multifamily project acquisitions the San Diego real estate company has completed this month as part of a 1031 tax deferred exchange involving the sale and/or purchase of $151 million in local real estate.

With this most recent purchase, H.G. Fenton’s residential portfolio nowtotals 2,089 units in eight apartment communities throughout San DiegoCounty.

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