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FOREIGN INVESTOR PURCHASES PALM CLUB APARTMENTS FOR $7.8 MILLION

FOREIGN INVESTOR PURCHASES PALM CLUB APARTMENTS FOR $7.8 MILLION

Lake Worth, FL – July 12, 2011 – (RealEstateRama) — Israel-based group, PC Townhomes, LLC, purchased Palm Club Apartments for $7.8 million. With 160 units, the price paid for the Lake Worth townhome community amounted to $48,750 per unit.