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Article: BRITTANY DOWNS COMPLEX SELLS STERLING AMERICAN, FALKIN PLATNICK REALTY PAY $28.5 MILLION.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- February 1, 2001
CopyrightCOPYRIGHT 2001 Rocky Mountain News. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. 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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Byline: John Rebchook News Real Estate Editor
The New York Mets couldn't beat the New York Yankees in the World Series, but the Mets' parent company believes it hit a home run with its first Colorado real estate investment.
New York-based Sterling American Properties III, with a partner, recently paid $28.5 million for the 464-unit Brittany Downs apartment complex in Thornton.
Sterling is the real estate investment arm of Sterling Equities Inc. In turn, Sterling Equities Inc.'s chairman and co-founder is Fred Wilpon, president and chief executive officer of the Mets.
``This is our first purchase in Colorado, but we're looking to do ...