WASHINGTON - Two multi-family housing bond issues that were thrown into technical default with the failure of Mutual Benefit Life Insurance Co. are expected to be redeemed late this month when the projects funded by the bonds are due to be sold to a real estate investment trust.

The developer of the projects, Dallas-based Trammell Crow Residential Properties, has informed the Maryland Community Development Administration that it intends to sell the projects to the investment trust, Avalon Properties Inc.

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