Clarion Partners Closes Sale to Keep Gables Residential

Confirming long-standing rumors in the marketplace, global real estate investment manager Clarion Partners announced that a group of investors headed by Clarion has acquired Gables Residential, an Atlanta-headquartered multifamily developer, owner and manager. Operating as ING Clarion Partners, a wholly-owned subsidiary of Amsterdam-based ING Group, Clarion acquired Gables in 2005 for $2.8 billion including debt in one of the earliest public-to...



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