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Article: Retail shows worth in $19m note sale.(Holliday Fenoglio Fowler L.P. arranges sale of Principal Real Estate Investors' mortgage notes )(Brief Article)
- Article from:
- Real Estate Weekly
- Article date:
- June 22, 2005
CopyrightCOPYRIGHT 2005 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The New York and Dallas offices of HFF (Holliday Fenoglio Fowler, L.P.) closed the sale of eight first mortgage notes owned by Principal Real Estate Investors, which was acting as advisor to Principal Life Insurance Company.
The notes were acquired for $19.2 million by three unrelated institutional investor groups.
HFF executive managing director Whit Wilcox, managing director Mark West and associate director Louis Sohn sold a 100% interest in the portfolio of notes, which secure free-standing buildings under long term net leases to Rite Aid Corporation. The properties, concentrated in the Midwest and Pacific Northwest, total ...