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Tricap Residential Group Acquires 323-Unit Workforce Housing Community in Hoover, Alabama
HOOVER, AL – Chicago-based Tricap Residential Group, an owner and operator of multifamily communities, has closed on the acquisition of Wisteria Nine90 Apartments for a purchase price of $24,000,000. This transaction will add another 323 apartments to Tricap’s existing portfolio increasing their total portfolio to over 2,500 apartments. The property will be immediately rebranded as Element Hoover and…