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AvalonBay Communities (NYSE: AVB) has sold the 251-unit Avalon Shrewsbury multifamily complex in Shrewsbury, MA to Boston-based private equity real estate firm Audubon Capital Partners for an undisclosed amount.
The 251-unit apartment complex consists of one-, two- and three-bedroom units as well as two-bedroom townhomes across eight three- and four-story garden-style buildings, one two-story garden-style building, five three-story townhouse buildings…