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Bluerock Residential sells class A Fla. apartment building for $52M

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Bluerock Residential sells class A Fla. apartment building for $52M

Bluerock Residential Growth REIT Inc. sold its 296-unit EOS Orlando Apartments asset for $52 million.

The class A apartment property is in Orlando, Fla. The sale represents a roughly 31% rate of return on Bluerock's equity investment in the property, the company said.