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NEW YORK CITY-The deeds to more than $250 million of real estate is now in the hands of PCG Exchange. The company has quietly purchased six hotels, 11 movie theaters and 18 drugstores spread across 13 states.

PCG, with offices in New York and San Francisco, has confidentiality agreements about most of the specifics of the purchases. No individual property address has been disclosed, but the company can say the acquisitions came from California, Indiana, Ohio, Kentucky, Connecticut, Georgia, Tennessee, Illinois, Missouri, Pennsylvania, North Carolina, Texas and Florida.

PCG was formed in the beginning of 2006, with Douglas H. Wolf as chairman. Its specialty is to buy corporations that own real estate. “We have purchased car dealership companies and foreign corporations that own hotels, office buildings and industrial buildings,” Charlie S. Swanson, president and CEO of PCG Exchange, tells

“We have bought office buildings in California, Rhode Island and Connecticut, a vineyard in Northern California, and free-standing retail buildings (including free-standing drugstores).”

The 11 movie theaters were the biggest transaction, totaling around $120 million. PCG worked out a 20-year sale/leaseback with a single seller for all 11 theaters, with about 140 screens all told.

The hotel acquisition, for about $75 million, is actually the acquisition of a corporation that owns the six hotels. They are full-service hotels flagged to a major hotel chain.

The 18 drugstores were traded from multiple sellers for about $55 million. They are branded with either CVS or Walgreens flags, the two largest drugstores. Their layouts average about 14,000 sf each, and came from multiple sellers instead of a single portfolio.

During the past six months, PCG has acquired more than $500 million in transactions, in CRE divisions such as office, industrial, and retail.

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