INLAND BUYS STUDENT HOUSING PROPERTY ON TCU CAMPUS

FORT WORTH, TEXAS — Dallas-based Inland American Communities, a subsidiary of Inland American Real Estate Trust Inc., has purchased The VUE, a 118-bed, mixed-use student housing property located on the campus of Texas Christian University (TCU) in Fort Worth. The property opened in August 2012 at full occupancy. The four-story mid-rise community features 6,000 square feet of retail space currently under construction. The retailers are expected to open this spring. CBRE's National Student Housing Group assisted in the transaction. The VUE will be rebranded as a University House community.