Student apartment community near TCU sold

Dallas-based Inland American Communities, a subsidiary of Inland American Real Estate Trust, has bought The VUE, a student housing property a block south of Texas Christian University on University Drive.

The four-story building with 68 apartments opened 100 percent leased in August 2012. The property also includes 6,000 square feet of retail space that is currently under construction and is projected to open this spring.

The VUE will be rebranded as a University House community, Inland American said.

Inland American Communities is a development, acquisition and management firm of communities in university markets nationwide.

_ Sandra Baker