PALM BEACH GARDENS, FL-Realty development and acquisitioncompany, locally based Ram and Square Mile Capital Management LLChave jointly acquired a group of 38 troubled loans together havinga par value of nearly $150 million.
The collateral consists of 39 shopping malls totaling 1.8million square feet and located in nine states in the south. Theassets were mainly based in Florida, Georgia, Tennessee, and theCarolinas. The joint venture has made this acquisition afterconsidering several investments in troubled assets. For thefull story, go to Florida Real Estate Journal.
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