Thursday, August 31, 2006

Remington Financial Arranges $142,250,000 for Sale Leaseback of Office and Warehouse Portfolio

Business Wire - August 30, 2006

Remington Financial Group, Inc., a real estate investment bank headquartered in Philadelphia, PA, recently secured $142,250,000 in debt and bridge equity financing on behalf of an undisclosed joint venture. The joint venture, comprised of a local operator and institutional equity investor, was formed to acquire a portfolio of 14 office and industrial properties located in the Midwest and Southeast U.S. The portfolio's total purchase price amounted to $150MM for a total of 2.7MM square feet of space. Sphere: Related Content

No comments:

Wikinvest Wire