SAO PAULO, Dec 23 (Reuters) - Brazilian homebuilder MRV Engenharia e Participacoes SA (MRVE3.SA) has sold its Pine Groves and Princeton Groves projects, both located in Florida, for a total of $95 million. MRV, which did not disclose the buyer, said late on Wednesday that it expects to obtain net cash proceeds of $47.4 million from the deal. The company noted it still has two projects for sale in the United States, jointly valued at about $105 million.
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