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SAN FRANCISCO-Liquid Realty Partners, a specialist in secondaryinvesting, has acquired an interest in a $286-million lodgingportfolio in the Midwest, the South and the East that the companydescribes as seven full-service hotels located in strong markets.Jeff Giller, managing principal and chief investment officer ofLiquid Realty, tells GlobeSt.com that the deal differs from many ifnot most secondary investments in that Liquid Realty's position inthe portfolio affords it greater control than is typically the casein secondary investments.

Giller explains that this particular deal provides Liquid Realtywith a position that is more akin to that of a joint venturepartner than is usually the case in a secondary investment. Onereason that Liquid Realty can engineer such deals, Giller tellsGlobeSt.com, is that the company has a depth of expertise in hotelsand other commercial real estate property types that enables it tolook deeper into the real estate side of deals in evaluatinginvestments.