|

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.


GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
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.