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An entity associated with Afton Properties has purchased The Landing at Arroyo, a 212-unit asset in Simi Valley, Calif., according to Ventura County public records. USA Properties Fund sold the asset for $95 million. A partnership of Gables Residential, Century Housing, USA Properties Fund and East West Bank developed the community. Institutional Property Advisors, a division of Marcus & Millichap, spearheaded the negotiations on behalf of the seller and procured the buyer.