Younan, commenting on the deal with Rubicon Capital, says thatYounan Finance is "continuing our aggressive acquisitionactivities" to add to the firm's existing portfolio of securities.He says that the company will continue to purchase stabilized,performing notes that are backed by assets in key markets.

Most of the assets that back the new Younan acquisition operateat 100% occupancy with a stable tenant base that includes federalgovernment agencies and Fortune 100 companies. This will ensure"immediate, positive cash flow," Younan adds.

Younan formed its Finance Group in April this year to acquire abroad range of debt and debt-related securities and instrumentsbacked by commercial real estate. The group initially plans toinvest up to $200 million in performing and underperforming officeloans throughout the country in transactions ranging from $5million to $100 million.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.