"One of the key reasons why now is a good time [to sell the interest], and one of the key reasons why we did it, is because the lender agreed to an assignment of the debt to the new partnership," Prime Retail's Steven A. Sless shares with GlobeSt.com. "This is a positive because the interest rate is 3.37%, and that's good for us because the venture is then obligated to pay the difference."
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