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A real estate fund managed by Up&Up has purchased Sandalwood West, a 142-unit build-to-rent asset in Greenfield, Ind. D.R. Horton sold the asset in a deal brokered by Marcus & Millichap.

Up&Up, a tech real estate platform allowing renters to accrue fractional ownership of properties, raised a combined $284.3 million across three funding rounds, with the latest taking place in 2021, according to Crunchbase. Investors included Goldman Sachs, Parker89 and Rialto Capital Management, among others.