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Article: Lend Lease Ups Securities Investment.
- Article from:
- National Mortgage News
- Article date:
- August 19, 2002
CopyrightCOPYRIGHT 2002 SourceMedia, Inc. 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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Lend Lease Real Estate Investments has increased its 50% ownership stake in Lend Lease Rosen Real Estate Securities to 74.9% and has also entered into a three-year agreement to buy the rest of the company from its partner Rosen Financial Services II, a partnership controlled by Kenneth T. Rosen and Michael A. Torres.
The terms of the transaction were not disclosed.
Lend Lease REI - a real estate advisor to pension funds, managing $35 billion in real estate and commercial mortgages for private and institutional U.S. investors, and a part of the Australian Lend Lease Group - had entered into a venture with Mr. Rosen and Mr.Torres in 1997 to form Lend Lease ...