PRINCETON, NJ-Chambers Street Properties, the newly independent REIT that was formerly CB Richard Ellis Realty Trust, has secured a revolving credit facility up to $700 million through a group of lenders led by Wells Fargo Securities and RBC Capital Markets, its executives announced. 

Chambers Street Properties is making the transition to self-management, and changed its name in July. CBRE Advisors continues to provide consulting through next April. Jack Cuneo, who headed the $2.4 billion REIT, is now president and CEO of Chambers Street Properties, and other top executives also retained their titles in the switch.

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