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Inland Residential stockholders to vote on liquidation proposal

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Inland Residential stockholders to vote on liquidation proposal

Shareholders of Inland Residential Properties Trust Inc. are set to vote on the liquidation of the multifamily real estate investment trust at an annual meeting Nov. 27.

The board-approved liquidation plan emerged as a result of a review of strategic alternatives.

In a Sept. 26 letter addressed to the stockholders, President and CEO Mitchell Sabshon said the plan was the best way to maximize shareholder value.