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Fanny More  |  by www.tradingmarkets.com. All rights reserved. 4.01 | 16:16

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(RTTNews) - After the bell Friday, Morgan Stanley Real Estate, Onex Real Estate and Sawyer Realty Holdings LLC announced that they have completed the sale of 16 apartment properties from the previously acquired Town and Country Trust in three separate transactions for a total consideration of $677.4 million. The companies stated that the Pennsylvania portfolio, including seven properties totalling 2,073 units, was sold to a private real estate company for a total of $134.

0 million. Nine suburban Baltimore properties were sold in two separate transactions to undisclosed buyers, including five properties totalling 3,191 units for $377.1 million and four properties totalling 1,588 units for $166.

3 million. Morgan Stanley acted as financial advisor to Morgan Stanley Real Estate on the transactions. Morgan Stanley Real Estate is comprised of three major global businesses: Investing, Banking, and Lending.

Since 1991, Morgan Stanley has acquired $102.0 billion of real estate assets worldwide and currently manages $60.5 billion in real estate assets on behalf of its clients.

MS closed Friday's regular trading session at $81.43, down 16 cents on the New York Stock Exchange.

Read more on by www.tradingmarkets.com. All rights reserved.
Keywords: Real Estate, Morgan Stanley, Morgan Stanley Real, Stanley Real, Stanley Real Estate
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