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Southwood Realty sells Gastonia, NC, apartment community

Southwood Realty Co. sold the Ashbrook Village apartment community in Gastonia, N.C., for $37.2 million.

New York-based Gindi Equities acquired the 423-unit townhome-style property featuring one- and two-bedroom floorplans.

Capstone Apartment Partners brokered the sale and procured the buyer.