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STAMFORD, CT-GE Commercial Finance Real Estate, based here, has formed a joint venture with Denholtz Associates to acquire properties in New Jersey, Philadelphia, Atlanta, Florida and Chicago. Steven Denholtz, managing director and CEO of the Rahway, NJ-based firm, says they hope GE will invest up to $150 million in the joint venture to fund $600 million in acquisitions.

“The goal for our joint venture with Denholtz is to build a strong, diversified equity portfolio in the office and flex-industrial sector,” says Laurie Smith, senior relationship manager at GE Commercial Finance Real Estate. Smith adds that the venture will target markets where Denholtz has a proven track record to “maximize performance and value.”

Denholtz, a privately held development, investment and management company active in office, industrial, flex and retail real estate, currently owns and manages a national portfolio in excess of 7.5 million sf. “Having built our reputation in the value-add sector, we’re confident that this new venture will efficiently source opportunities in these select markets,” Denholtz says.

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