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Greystar sells Fla. apartment community

Greystar Real Estate Partners LLC sold the 214-unit Avana Isles apartment community in the Boynton Beach/Delray Beach submarket of Palm Beach County, Fla.

The rental housing property company did not disclose the sale price but Multi-Housing News, citing Yardi Matrix, reported that the class A asset traded for $47.8 million.

The property was sold to Southstar Capital Group, LLC on behalf of Greystar's real estate funds.