|
|
Article: Imperial Credit Commercial Mortgage Investment Corporation Reports December 1997 Investments of $169 Million
- Article from:
- PR Newswire
- Article date:
- January 6, 1998
CopyrightCOPYRIGHT 1998 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)
|
And Aggregate Fourth Quarter 1997 Investments of $332 Million
LOS ANGELES, Jan. 6 /PRNewswire/ -- Imperial Credit Commercial Mortgage Investment Corp. (Nasdaq: ICMI) today reported that it invested approximately $169 million in five separate asset acquisition transactions during December 1997. The December investments bring the total amount invested by the Company during the fourth quarter of 1997 to approximately $332 million, which represents approximately 69% of the net cash proceeds received by the Company from its October 1997 initial public offering of its common stock.
The Company's investments during December 1997 included its ...