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Hudye Group spends $44.45 million to buy 256-unit Alta. – Phoenix – Hudye Group Ravenwood LP., a limited partnership formed by Benedict Hudye of Scottsdale, paid $44.5 million ($173,633 per unit) to acquire the 256-unit Alta Ravenwood rental townhomes located at 647 W. Baseline Road in Tempe. The seller was Alta Ravenwood Owner LLC, a joint venture formed by Wood Partners in Marietta, Ga. (Leonard Wood, principal) and Boston Capital in Boston, Mass.
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