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NEW YORK CITY-Situs said Friday it had been selected by Hypothekenbank Frankfurt AG as its loan servicing and asset management partner for its US portfolio of performing CRE loans. A legacy of Eurohypo’s real estate lending business, the loan book covers approximately $2 billion backed by assets, mainly office, in the 20 largest US cities.

“We have been continuing to expand our asset management business over the past four years through a series of acquisitions and partnerships,” says Steve Powel, president of Situs. “The primary contributor to our success has been our flexibility to adapt to our clients’ specific strategic objectives and the comprehensiveness of our professional services platform.”

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