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Comstock Announces Sale of Multi-Family Project for $19.75M

By Insider Scoop
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Courtesy of Benzinga.

Comstock Homebuilding Companies, Inc. (Nasdaq: CHCI) announced that on October 31, 2011, Comstock Cascades II L.C., an entity in which the Company has a controlling interest, entered into a definitive agreement with CAPREIT, Inc. and/or its affiliates whereby Comstock agreed to sell CAPREIT its Potomac Square Apartment project for approximately $19.75 million.


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