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…Investing on behalf of an institutional real estate fund, PRG has targeted middle-market multifamily properties in the greater Los Angeles area. “We will continue to add value to our portfolio with an increased focus on project management using our development expertise,” explained Edward Ratinoff, PRG managing director and head of national acquisitions. “Owning so many units in close proximity will help us benefit from economies of scale in renovations and on-site management,” he added…