The university's foundation had bought a four-bedroom, Georgian-style house in Shaker Heights in June 2009 for $808,000 and leased it to the university.
The university invested a total of more than $1.2 million in the house, in addition to paying the foundation about $80,000 a year to cover the lease and about $24,000 in property taxes.
The foundation sold the house for $808,000.
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