(To read more on the debt and equity markets, click hereand to readmore on the multifamily market, click here.)
MCLEAN, VA-Wells Fargo & Co signed a definite agreement forWells Fargo Bank to acquire the assets of locally based ReillyMortgage Group from a group of investors led by Stonehurst CapitalLLC. The privately owned, multifamily real estate finance firm willbecome part of Wells Fargo Wholesale Banking's SpecializedFinancial Services Group.
Terms of the agreement were not disclosed. Subject to regulatoryapproval, the acquisition is expected to close in the third quarterof 2006.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
