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Colonial Properties Trust Sells Apt. Portfolio for $40.8M

Private Investors Acquire Four Texas Multifamilies
By Giulio Crivello Guidi
August 29, 2008 | 4:58 P.M.

Colonial Properties Trust, a Birmingham, AL-based REIT, sold a four-property multifamily portfolio in Texas, to private investors for $40.8 million, or about $51,000 per unit.

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News | Colonial Properties Trust Sells Apt. Portfolio for $40.8M