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Auburn, MA-based PhilMor Real Estate Investments acquired the 304-unit Rolling Green apartment complex at 1 Rolling Green Rd. in Milford, MA from Equity Residential for $47.6 million, or approximately $157,000 per unit.
PhilMor secured a $38.7 million first mortgage loan to acquire the garden-style community comprised of one- to three-bedroom apartments in 28 three-story buildings. Completed in 1970, the complex sits on 4.24 acres and includes…