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InvenTrust Sells University House Communities Portfolio for $1.4 Billion

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InvenTrust Properties Corp. has closed on its previously-announced stock sale of University House Communities Group, Inc., the Maryland-based investment company’s wholly-owned student housing ownership and management subsidiary, trading a portfolio of 13,205 beds, including 11,039 beds in 18 stabilized student housing communities and 11,039 beds in four more communities currently in development spread across 14 states. The 6.34 million-square-foot…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

Post Tagged with $1.4, Billion, Communities, House, InvenTrust, Portfolio, Sells, University

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Today, Tampa is part of the metropolitan area most commonly referred to as the Tampa Bay Area. For U.S. Census purposes, Tampa is part of the Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area. The four-county area is composed of roughly 2.9 million residents, making it the second largest metropolitan statistical area (MSA) in the state, and the fourth largest in the Southeastern United States, behind Miami, Washington, D.C. and Atlanta.[14] The Greater Tampa Bay area has over 4 million residents and generally includes the Tampa and Sarasota metro areas.

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