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Article: GE Real Estate Japan Establishes a Business Relationship With LCP Investment Corporation, a Listed Japanese REIT.
- Article from:
- PR Newswire
- Article date:
- March 14, 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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GE to Sell Seven Assets for JPY 37.47 Billion (approximately USD $309 Million)
TOKYO and STAMFORD, Conn., March 14 /PRNewswire/ -- GE Real Estate announced today that it has agreed to a transaction with LCP Investment Corporation (LCP), a Japanese REIT and LCP REIT Advisors, Ltd. (LCPRA), LCP's asset manager, whereby (i) GE Real Estate, through a Business Cooperation Agreement with LCPRA, will provide preferential rights to negotiate the acquisition of certain qualified residential assets in GE Real Estate's portfolio, (ii) GE Real Estate and its subsidiaries sell asset portfolio to LCP, and (iii) a GE entity will acquire units in LCP.
LCP will ...