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Ssr Tower Fund Leads to $54.05 Million, 10-Building Acquisition of South Beach/Coral Gables Portfolio

MIAMI, FLORIDA – October 26, 2004 – SSR Realty, in conjunction with Terranova affiliate Gables Beach Ltd. and a Madison Marquette affiliate, has paid $54.05 million to purchase a prime real estate portfolio of 10 buildings from Starwood Urban.

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