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Calif. property changes hands for $100M

Universe Holdings and Hanover Financial paid $100 million to purchase the Capes at Ventura property at 760 S. Hill Road in Ventura, Calif., from Colony NorthStar Inc. in an the off-market deal, The Real Deal reported, citing Real Capital Analytics.

The property includes 33 two-story buildings with 308,600 square feet of living space.

Universe has allocated $6.5 million for capital improvements, the publication noted.