AIG mulls sale of $1.9 billion multifamily portfolio stake

05/26/2010 | Bloomberg Businessweek

American International Group is considering selling a stake in a 17,000-unit portfolio of 86 apartment complexes. AIG's real estate division and Morgan Properties acquired the portfolio in 2007 -- the height of the market -- for $1.9 billion. Morgan Properties is considering buying out AIG's stake, according to sources.

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