March 18, 2011, 2:10 PM EDT
By Oshrat Carmiel
(Adds comment from analyst starting in 15th paragraph; updates Africa Israel apartment price estimate in 20th.)
March 18 (Bloomberg) -- When UDR Inc. agreed to pay $260.8 million for a tower in Manhattan’s Financial District, it was not only the borough’s biggest apartment sale in almost three years. It was also the company’s first foray into New York City.
The deal
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