Theportfolio is leased to a mix of tenants from varied industries,i.e. e-commerce (credit: Ruchindra Gunasekara).
SAN FRANCISCO—Financing to the tune of $991.77 million wasarranged for a 17-property portfolio totaling more than 7 millionsquare feet across major US markets. JLL capital markets worked onbehalf of CalSTRS and its advisor, PCCP, to arrange the 10-yearfixed-rate loan with New York Life Insurance Company.
The portfolio's five office assets comprise the majority of theportfolio's value, with the remaining properties consisting of nineindustrial and three multi-housing assets. The properties arelocated across major markets in seven states including California,Arizona, Texas, Tennessee, Georgia, Virginia and Massachusetts. Thecommercial property portfolio is leased to a diverse mix ofcreditworthy tenancy from varied industries including financialservices, media, software, government, food, law, Internet,e-commerce and healthcare.
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