April 2, 2002 LOUISVILLE, Ky. – Ventas Inc. (NYSE:VTR) plans to raise about $400 million from the sale of senior notes due 2009 and 2012.Proceeds will be used to repay all outstanding debt under the REIT's credit line.Comments? E-mail
April 1, 2002 KANSAS CITY, Mo. – AMC Entertainment has closed on its acquisition of GC Companies Inc., the bankrupt parent company of General Cinema, for $167 million.The deal, agreed to in December and approved by the bankruptcy court last ...
April 1, 2002 ATLANTA – Crescent Capital Investments has closed on a $203.4 million joint venture with Sunrise Assisted Living – giving the company and its affiliates 80 percent ownership in 12 properties comprising 940 assisted-living units. Sunrise will maintain ...
The Los Angeles developer has teamed with a CSFB investment fund to buy out Dai-Ichi Life's 75 percent interest in the 1.3 million-sf office tower. CSFB and Capital Trust are providing $110 million of mezzanine financing.
March 28, 2002NEWTON, Mass. – Hospitality Properties Trust (NYSE:HPT) has received a $350 million revolving credit facility from a syndicate of banks led by First Union Securities and Dresdner Bank Real Estate.The facility replaces a similar facility for $300 million, ...
Carlyle Realty Partners III has closed with more than $570 million in capital. The fund, which will likely be leveraged to about $1.6 billion, has already bought three office properties and is also planning to make the most of hotel ...
March 28, 2002 Barcelo Hotels & Resorts of Spain is buying Crestline Capital Corp. (NYSE:CLJ) in a $602 million deal slated to close by the end of June.Barcelo has agreed to buy the Bethesda, Md., hotel company via a merger ...
March 27, 2002 Commercial Real Estate Direct Staff ReportLONDON – Orb Estates has agreed to buy 37 properties from Thistle Hotels for 600.4 million pounds ($525.3 million).The transaction includes about 555.4 million pounds of outstanding debt and a note for ...
The $714.6 million deal, with underwriting partner Banc of America Securities, is backed by 47 floating-rate loans on an equal number of properties. It will likely price as the first deal of the second quarter.
Lehman Brothers and Bear Stearns provided a $335 million loan to the REIT and its joint venture partner SITQ Immobilier. The sale of the building, home to media giant Viacom and also known as One Astor Place, is valued at ...
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