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Mountain View Apartments Sell for Sub-5 Percent Yield

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Santa Clara Valley Transportation Authority, Hill International, Silicon Valley, Bay Area
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By Jon Peterson Boston-based fund manager Rockpoint Group has paid not quite $30 million all cash to buy a 127-unit Mountain View apartment complex built in 1969. The Matteson Cos., a San Mateo firm, was the seller. Matteson owned the Highland Gardens Apartments for six years, completing a renovation after the apartments’ purchase. Rockpoint achieved […]

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