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In the largest affordable acquisition so far this year, Standard Communities has purchased a 6,000-unit portfolio of 60 affordable housing communities for $1 billion. Spanning four states, the deal marks the firm’s first foray into the Arizona, Texas and Colorado markets, and will also grow its California portfolio to about 11,000 units. As of September, the company had a portfolio of more than 20,600 units across 18 states, valued at $4.4 billion.