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Greystar Pays Record Price for OKC MF

OKLAHOMA CITY-In acquiring a national portfolio from Inland American Real Estate, the South Carolina buyer pays $161,000 per unit for the 303-unit Legacy at Art Quarter and set similar records in Edmond and Midwest City.

By Amy Wolff Sorter | Updated on September 03, 2013

OKLAHOMA CITY-The Daily Oklahoman reports that, in acquiring a national multifamily property portfolio from Inland American Real Estate Trust Inc., Greystar Real Estate Partners has set some local price records. Specifically, the South Carolina buyer paid $161,000 per unit for the 303-unit Legacy at Arts Quarter and approximately $106,000 per unit for the 298-unit Legacy Corner in Midwest City.

In addition to acquiring Legacy at Arts Quarter at 301 N. Walker and Legacy Corner at 777 N. Air Depot Blvd., Greystar earlier this month was busy in Edmond, OK, paying approximately $97,000 per unit for the 396-unit Legacy Crossing at 3131 SH 89 and about $99,000 per unit for the 328-unit Legacy Woods at 1919 E. Second St. The article says Greystar is repositioning its new buys under the Avana brand name.

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