Carlton Closes on $300M Deal

NEW YORK CITY- Carlton Strategic Ventures LLC , the principal transactions group of the Carlton Group, in partnership with a well-known real estate investment firm, has recently closed on approximately $300 million of discounted performing first mortgage, B-note and mezzanine positions. The confidential asset sale consisted of eight loan relationships and included office and hospitality assets.

A source close to the deal could not reveal to GlobeSt.com the identity of the investment firm, with which Carlton is co-investing, except to say that it is a hedge fund. The source also could not give details on the assets themselves.

The assets were acquired from a major financial institution–which also could not be disclosed–which sought a swift execution rather than a protracted exit under the present market conditions, Carlton explained in a statement. In each of these transactions, Carlton committed and closed quickly.