RLM Preservation Fund has paid $24.02 million, or $212,585/unit, for the 113-unit Overlook at Avalon apartment property in the Washington, D.C., suburb of Frederick, Md. The fund, which RLM, of Bethesda, Md., operates with L+M Development of Larchmont, N.Y., received an equity commitment from Citibank for the purchase of the Overlook property. KB Home of […]

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