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UNF Community Sells to DC-Area Investment Firm

Jacksonville, Fla. — The community was built in 1996.

Jacksonville, Fla. — The Jacksonville Business Journal is reporting that a Washington, D.C.-area investment firm, Chain Bridge Capital LLC, has bought The District on Kernan, a 1,092-bed student housing community near the University of North Florida for $21 million. The seller was Los Angeles-based Lowe Enterprises. Lowe paid $33 million for the property in 2005, according to the article.

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