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Katherine Heigl and Mom -- The $1.7 Million Gamble

7/24/2011 12:00 AM PDT BY TMZ STAFF

Katherine Heigl has officially gone into business with her mother, each investing close to a MILLION bucks so they can be co-owners of a bunch of luxury condo units in L.A.. ... TMZ has learned.

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According to documents filed with the L.A. County Recorder's Officer, Heigl and Mama Heigl have each shelled out $850k towards an investment group which bought 8 condo units in Sherman Oaks, Ca.

The units ain't too shabby -- with hardwood flooring, granite counters, balconies and fireplaces.

Plus, the condo building is right down the street from an In 'n Out Burger!! Location! Location! Location!


5 COMMENTS

No Avatar

1.

Shread    

She better invest her money because with her not so good looks and no talent she wont be going much further in the entertainment industry.

1152 days ago
2.

some guy    

Hmmm... I heard Chris Brown is looking for a new place to live.


Srsly, though... I think Kathy and her mom should try to make them green condos. Would prob add to the value of the condos and be a good example of responsible land ownership.

1152 days ago
3.

daftshadow    

may be i should trade my condo and move into one of hers lol

1152 days ago
4.

chicagannie    

snort! I have hardwood floors, granite countertops, a balcony, fireplace and a YARD...all for less than $200K.

fools and their money are soon parted....they are starting out underwater with that property.

1151 days ago
5.

pam    

BFD

1151 days ago

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