Inland American REIT Puts SunTrust Portfolio on Market

WASHINGTON, DC-Inland American REIT is putting a 143-asset portfolio on the market. The retail bank branches are located primarily in the Mid-Atlantic and the southeast US. Jones Lang LaSalle’s Guy Ponticiello, Bruce Westwood-Booth, Rob Bickel and Brian Shanfeld are marketing the portfolio, which clocks in at a $280 million, give or take, value. “We are expecting it to trade at a 6.5% cap rate,” Ponticiello tells GlobeSt.com.

The 715,000-square foot portfolio can trade in its entirety or be broken into eight sub-portfolios, each of which contains about 18 branches. The seller is not willing to consider one-off or a couple of sales, Ponticiello says.