INDIANAPOLIS-Carmel developer Lauth Group has settled withlender Inland American Real Estate Trust, who has permitted thedeveloper to keep control of 37 of its 43 assets under bankruptcymeasuring five million square feet. The lender secures theremaining six assets for its $250 million investment in Lauth in2007.
The lender will also get $1 million from the developer. Thecourt approval on the settlement expected this month would allowthe Lauth affiliate to emerge from bankruptcy. For the fullstory, go to Indy Star.
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