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Angelo Gordon affiliate buys Fla. apartment complex for $55M

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Angelo Gordon affiliate buys Fla. apartment complex for $55M

AGM Vue Property Owner, an affiliate of global alternative investment manager Angelo Gordon & Co. LP, acquired the 232,751-square-foot Vue at 1400 apartment complex in West Palm Beach, Fla., for about $55.1 million, the South Florida Business Journal reported.

Covenant Capital Group affiliate West Palm Beach Multifamily Partners sold the property, totaling 316 apartments 1400 Village Blvd., the publication added.