

If you wanna
make money in real estate, sometimes you just need to buy it.
Late breaking news this morning coming out of JLL, which reports that Inland American REIT has
sold 139 SunTrust bank branches throughout the Southeast, including 23 locations mainly in metro Atlanta. JLL's
Guy Ponticiello, Bruce Westwood-Booth, Rob Bickel, and
Brian Shanfeld brokered the transaction. An unnamed investor purchased the portfolio
for $240M (which encompasses
715k SF and lots of pens chained to desks).