Last Updated: June 10, 2005 10:04am ET

$49M Recapitalization Closes for Condo

By Barbra Murray

FALLS CHURCH, VA-A recapitalization transaction in the amount of $49 million closes for the WestLee, a 128-unit upscale condominium property currently under construction. The financing will be directed toward the completion of the building, which is scheduled to open in 2006.

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