February 19, 2002 MOORESVILLE, N.C. – WP Carey & Co. (NYSE:WPC) will provide $10.8 million for the construction of an automotive training facility that will be leased by Universal Technical Institute and Nascar Technical Institute.Under the terms of the sale-leaseback ...
December 3, 2001 ORLANDO, Fla. – The merger between Commercial Net Lease Realty Inc. (NYSE:NNN) and Captec Net Lease Realty Inc. (Nasdaq:CRRR) has been completed.The combined company will have a portfolio of 373 properties in 40 states Captec shares will ...
November 29, 2001 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has acquired Net 1 and Net 2, two Delaware limited partnerships, for about $136.8 million.Net 1 and Net 2 own 23 properties in 13 states, which generate annualized net ...
November 20, 2001 NEW YORK – W.P. Carey & Co. (NYSE:WPC) has named Anne R. Coolidge as president of Corporate Property Associates 15, its newest net lease real estate investment trust that opened to investors on Nov. 15.Coolidge will oversee ...
November 19, 2001 ANN ARBOR, Mich. – Stockholders of Captec Net Lease Realty Inc. (Nasdaq:CRRR) have approved, based on a preliminary estimate, the REIT's merger with Commercial Net Lease Realty Inc. (NYSE:NNN).Captec's board has already approved the merger agreement, which ...
August 15, 2001 DALLAS – U.S. Restaurants Properties Inc. (NYSE:USV) has completed its $180 million offering of triple net lease mortgage certificates through its USRP Funding 2001-A subsidiary.Proceeds were primarily used to repay about $158 million of outstanding debt under ...
August 9, 2001 NEW YORK – Moody's Investors Service has upgraded the ratings of CVS Credit Lease Backed Pass-Through Certificates, A-1 and A-2, as a result of its upgrade of CVS Corp.The rating agency upgraded the deals to A2 from ...
August 6, 2001 NEW YORK – Moody's Investors Service has downgraded the ratings of Nortel Networks Lease Pass-Through Trust, 2001-1, to Baa1 from A3, just days after the deal priced. The deal is backed by a triple net lease guaranteed ...
July 13, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterMarcus & Millichap triple-net property investment specialist Steven Regenstreif in Los Angeles is representing a client who has sold a property and now needs to complete the "up-leg" portion ...
The lender is providing a floating-rate loan allowing the investor to buy Barney's flagship stores in New York, Chicago and Beverly Hills.
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