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Article: Edens & Avant Raises $250 Million in Growth Capital; J.P. Morgan, New York State Teachers' Retirement System Invest in Necessity Retail(R) Model.
- Article from:
- PR Newswire
- Article date:
- September 13, 2000
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NEW YORK, Sept. 13 /PRNewswire/ --
Edens & Avant, the nation's leading owner and operator of grocery-anchored Necessity Retail(R) shopping centers, announced that it has completed a transaction that places approximately $250 million of growth capital into the Company. Both J.P. Morgan Investment Management and The New York State Teachers' Retirement System (NYSTRS) will contribute the funds and join the ownership of the Company, which includes the State of Michigan Retirement System (SMRS), and Edens & Avant Management.
Joe Edens, Chairman and Chief Executive Officer of Edens & Avant, said: "We are very pleased that J.P. Morgan and The New York State ...