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This is the industry's first and largest securitization backed exclusively by commercial property-assessed clean energy/C-PACE and was issued for 82 US properties (pursuant to rule 144A of the Securities Act of 1933).
Boston Properties' $628 million acquisition of the 47-acre Santa Monica Business Park included a ground lease with an option to buy. The legal team at Allen Matkins walks us through the complexities of the deal.
“The sale of Peninsula Office Park's remaining six buildings exemplifies our approach to recycling capital to further focus on strategic holdings in our core markets."