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Privately held real estate investment and advisory firm REI Equity Partners announced that with the anticipated acquisition of properties in Appleton, Wis., in July, it will have closed seven properties in Illinois, Ohio, Indiana, and Wisconsin totaling $25.6 million and 87,469 square feet.
The Stamford-based company said its network of friends and family contributed over $10.5 million of equity and will receive an average annual return of 9.25 percent.
The announcement was made at REI”™s third annual investor reception recently at the Stamford Yacht Club.
