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ASHEVILLE, N.C. — Lone Star Funds has sold the Lofts at Reynolds Village in Asheville to Continental Realty Corp. Financial terms of the transaction were not disclosed. The 201-unit community includes approximately 63,000 square feet of retail space. The transaction was structured as a sale of REIT stock and represents the first disposition from a 42-asset portfolio acquired by Lone Star in September 2022. Walker & Dunlop served as advisors to Lone Star, a private equity firm that invests globally in real estate and other assets. Continental Realty is a Baltimore-based commercial real estate and investment firm.