Inland American Cashes In on Multifamily; Greystar Sees Energy-Fueled Opportunity

Inland American Cashes In on Multifamily; Greystar Sees Energy-Fueled Opportunity

Successfully packaging 14 apartment properties in a booming energy market with a rising population allowed Inland American Real Estate Trust Inc. to complete a portfolio sale to Greystar Real Estate Partners for $460 million.

The transaction was structured as a two-stage close with the second closing occurring last week. The entire sale includes 4,371 units in properties located in Houston, Oklahoma City, Dallas, San Antonio and Louisville. Most of the sites are

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