CapMark's $60-billion servicing portfolio "will be a significantaddition to GMACCM's current servicing portfolio," said David E.Creamer, chairman of GMAC Commercial Holding Corp., GMACCM's parentcompany, which is also based here. The current GMAC servicingportfolio is $161 billion.


The Lend Lease purchases also include $5 billion in managedaccounts from the Debt Advisory Group and $21 billion in specialservicing from the asset management business.


"The acquisition of the debt advisory platform is an excellentcomplement to our existing $6-billion investment managementbusiness, strengthens our existing relationships and adds severalstrategic institutional investors to our client base," saidCreamer.


Lend Lease will retain co-investments of approximately $27million, which are expected to be realized over the next fiveyears, according to Greg Clarke, CEO of Lend Lease Group. He calledthe sale "an important step in the simplification of Lend Lease andfocusing of our strategy."

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