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Koger Invests $102M in Houston Buildings

National REIT Purchases 3 Class-A Office Buildings
By Douglas Enzler
December 10, 2002 | 10:00 P.M.

Koger Equity Inc., a real estate investment trust, through an affiliated partnership, acquired the Lakes on Post Oak, a 1.2 million-square-foot, Class-A, three-office building development located in the Galleria/West Loop submarket in Houston. The property sold for approximately $102 million, or $85 per square foot.

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