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Article: MuniMae to Buy Lend Lease Unit.(Municipal Mortgage and Equity L.L.C.)(Brief Article)
- Article from:
- American Banker
- Article date:
- May 21, 2003
- Author:
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For several years Municipal Mortgage and Equity LLC has been trying to transform itself from an oddball tax-advantaged investment vehicle to a full-fledged financial services company focused on apartment developers.
The Baltimore company, known as MuniMae, took a big step toward that goal last week, when it announced it had agreed to buy the U.S. low-income housing tax credit syndication business of the Australian property conglomerate Lend Lease Corp. for $102 million.
The deal, expected to close in the third quarter, would make MuniMae "the dominant player" in the tax credit syndication business, boosting its market share, now between 2% and 3%, to ...
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Article: MuniMae Reports 2003 Second Quarter Results; 26th ...
Business Wire;
July 17, 2003 ;
700+ words
... ... LLC (NYSE: MMA), known as MuniMae, reported net income allocated ... Chairman of the Board and CEO of MuniMae, commented, "We are pleased ... quarter performance as well. MuniMae continues to diversify its ... Community Investing (HCI) unit of Lend Lease Real Estate Investments, formerly ...
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