Behringer Harvard Multifamily REIT I has sold the Waterford Place in Dublin, California. The 390-unit multifamily community was acquired by 4800 Tassajara Road Apartments Investors, an entity set up by institutional investor, UBS, for $110 million, adds Business Journal. Behringer Harvard bought Waterford Place in September 2009 through a joint venture with PGGM Private Real Estate Fund for $79.7 million. The property has been developed by Shea Properties.

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