Greystar Acquires $460M Multifamily Portfolio

Law360, New York (September 4, 2013, 5:03 PM EDT) -- Greystar Real Estate Partners has purchased a $460 million portfolio of multifamily buildings in Texas, Oklahoma and Kentucky from Inland American Real Estate Trust Inc., Greystar announced Wednesday.

The deal took place in a two-staged close with the second closing on Aug. 28, according to South Carolina-based Greystar, which focuses its investment management and development business on multifamily properties across the U.S.

Greystar manages about 215,000 units in more than 100 submarkets, and added about 4,371 units in Houston, Oklahoma City, Dallas, San Antonio and Louisville...
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