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Article: Dubai Investment Group Acquires $1 Billion U.S. Multifamily Portfolio; Gulf Emirate Becomes Leading Apartment Owner in US Market.
- Article from:
- Business Wire
- Article date:
- March 23, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Dubai Investment Group in association with The Milestone Group announced the acquisition of a $1 billion multifamily portfolio, comprising more than 21,000 apartments located throughout the U.S. The transaction, which closed today, creates one of the largest residential property ownership entities in the nation.
Dubai Investment Group ("DIG") is an affiliate of Dubai Holding LLC. DIG, formerly known as The Investment Office, rebranded to incorporate and promote its tie to Dubai. This transaction is the first completed under the new moniker and is the first time that the activities of DIG are being made public. DIG began investing in the U.S. real ...