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Southeastern Development sells Augusta, Ga., apartments for $58M

Passco Cos. LLC purchased a 300-unit apartment community in Augusta, Ga., from developer Southeastern Development Associates LLC for $58 million, Connect Atlanta reported.

The Grand Oaks at Crane Creek community, which was completed in 2016, sits near a newly developed 50,000-square-foot retail center anchored by organic grocer Sprouts, according to the news outlet.