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Glory Capital Purchases Seven Brooklyn Buildings

Glory Capital recently acquired seven buildings in the Fort Greene-Clinton Hill neighborhood in Brooklyn for $18.3 million. Units in the properties are renting at 60 percent below market value, the firm said in a release. The purchase has pushed the firm’s current portfolio over 1,000 units, and is part of the investment company’s move to transition from a passive equity investor to an active owner operator.

Published on Tuesday, May 6th, 2008.