PHOENIX-Orion Investment Real Estate has disposed of three Federal Deposit Insurance Corp.-owned parcels of land totaling 13 acres. The land was spread out among Surprise, Buckeye and Apache Junction on the outskirts of Phoenix.

The properties belonged to Central Arizona Bank, which had $31.6 million in assets when the FDIC shuttered it in May. Orion vice president Nick Miner tells Globe St.com the FDIC hired him to sell the properties because of his existing relationship with the bank.

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