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Article: GE Real Estate Completes $2.2B Acquisition of a Diversified Portfolio Comprising 147 Assets From Crow Holdings.
- Article from:
- PR Newswire
- Article date:
- January 15, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. 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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DALLAS, Jan. 15 /PRNewswire/ -- GE Real Estate announced today the completion of its acquisition of a portfolio comprising 147 assets from Crow Holdings' third real estate fund, Crow Holdings Realty Partners III, L.P. ("Fund III") for $2.2 Billion. The diversified portfolio is comprised of 112 industrial buildings (9.3 million square feet), 19 retail centers (3.6 million square feet), 8 multi-family properties (3,141 units), 6 hotels (1,727 rooms) and 2 office buildings (350,000 square feet). The properties are geographically dispersed across the U.S.
As previously announced, Kimco Realty Corporation purchased the 19 retail centers in connection with this ...
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