Monday, September 9, 2013

Greystar Acquires $460 Million Portfolio of Multifamily Assets




National Commercial Real Estate News From CoStar Group





Greystar Acquires $460 Million Portfolio of Multifamily Assets



In a sweeping reshuffle of its portfolio property mix, Inland American Real Estate Trust has found a buyer for a huge chunk of its multifamily portfolio.

Charleston, SC-based Greystar Real Estate Partners is purchasing a $460 million portfolio of multifamily assets from the Chicago-based REIT.

The purchased portfolio consists of 14 institutional apartment communities, or 4,371 units throughout markets with exposure to the growing domestic energy...






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