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CNL Growth Properties agrees to sell 2 properties

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CNL Growth Properties agrees to sell 2 properties

CNL Growth PropertiesInc. announced the pending sales of two multifamily properties.

The company agreed to sell a 298-unit class A garden-style propertyin Charlotte, N.C., for $51.2 million. A joint venture in which the company participateswith an affiliate of Trinsic Residential Group LP agreed to sell a 291-unit garden-styleproperty in Katy, Texas, for about $41 million.