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July 19, 2005

By Michelle Napoli

Macfarlan Real Estate Investment Management of Dallas has completed its equity raise for a property it purchased for $35 million last year, the 232,500-sf national service center of Magellan Health Services Inc. in Maryland Heights, MO, northwest of St. Louis. Macfarlan raised a total of $14.4 million of equity from more than 120 individual investors through a privately placed securities offering for the single-property limited partnership.

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