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Merritt targets industrial properties with $400M investment

Almanac Realty Investors has agreed to provide $400 million in capital to Baltimore-based Merritt Properties to expand its portfolio by 20 to 30 percent. Merritt Properties intends to expand via acquisition, development and redevelopment of largely industrial properties in the Baltimore-Washington corridor, according to the company. “Our long-standing relationship with Almanac dates back to 1997 when we ...

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