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S. Lew & Associates buys Federal Way, Wash., apartment property for $90M

Real estate investment firm S. Lew & Associates Inc. and investors paid $90 million to acquire the 401-unit Avery at the Reserve apartment community in Federal Way, Wash.

The ConAm Group of Cos. sold the 39.15-acre community at 125 SW Campus Drive.

Starting in the first quarter, the buyer intends to rebrand the property as Encore Apartment Homes.