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Pritzker, Bozzuto Join for $75M Apartment Venture

CHICAGO-Pritzker has partnered with Greenbelt, MD-based Bozzuto Group to invest in multifamily development and acquisitions in the Mid-Atlantic and Northeast.

By Robert Carr | Updated on July 28, 2010

CHICAGO-Pritzker Realty Group, based here, and Greenbelt, MD-based Bozzuto Group have formed a joint venture to develop and buy apartments in the Northeast and Mid-Atlantic regions. The initial investment is $75 million.

The venture has already been working to line up property, primarily class A buildings for purchase and mixed-use, transit-orientated sites for development, says Tom Bozzuto, CEO. “We have four-to-five properties in our pipeline that we will soon be able to identify,” he says.

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