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Dubai's Royal Family Becomes One Of Largest Apartment Landlords In U.S.

Posted by: Chris Steins
Thanks to: Peter Slatin
27 March 2005 - 5:00am

A Manhattan investment manager teams up with Dubai's royal familyfor a $1 billion apartment acquisition.

Dubai Investment Group – funded essentially by the Dubai royal family – has partnered with New York-based Milestone Group to acquire a $1 billion portfolio of 21,000 apartment units across the U.S. The deal makes DIG one of the largest apartment landlords in the U.S.

Full Story: Dubai's Buy a Milestone Deal
Source: The Slatin Report, March 25, 2005
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