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Equity Residential has acquired NOVEL White Fence Farm, a 202-unit luxury multifamily property in Lakewood, Colo., a Denver suburb. Crescent Communities and ParkProperty Capital sold the asset in a transaction secured by Newmark. Crescent broke ground on the project in 2021 and completed it last year. The developer funded the community’s construction with a $38.8 million note originated by UMB Bank, according to Yardi Matrix information.