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Article: Dividend Capital Total Realty Trust Announces Strategic Debt Transactions.
- Article from:
- Business Wire
- Article date:
- May 27, 2008
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DENVER -- Dividend Capital Total Realty Trust Inc., a diversified real estate investment trust (REIT), announced today the closing of two strategic debt transactions.
On May 20, 2008, Dividend Capital Total Realty Trust acquired a senior mezzanine loan on two institutional-quality office buildings in Tysons Corner, VA, a submarket of Washington, D.C. located in Northern Virginia. The mezzanine loan, originally valued at $18.4 million, was acquired by Dividend Capital Total Realty Trust for $16.5 million, an approximate 10% discount to the original value.
"In a real estate market that has gone through dramatic credit turmoil since last summer, our strong ...