PPM America Provides $236M Acquisition Debt for 20-Property Industrial Deal
A joint venture between SparrowHawk and Almanac Realty Investors has secured $236 million in acquisition debt to buy a 4.4 million-square-foot, 20-property U.S. industrial portfolio, according to a release. Fidelity Investments reported earlier that the joint venture purchased…
A joint venture between SparrowHawk and Almanac Realty Investors has secured $236 million in acquisition debt to buy a 4.4 million-square-foot, 20-property U.S. industrial portfolio, according to a release. Fidelity Investments reported earlier that the joint venture purchased…
BELLINGS Intelligence Score: 12
Why it matters
This is a routine acquisition financing involving a sizable but not unusual commercial real estate loan, with no novel structure or broad market impact.
Sources
Commercial Observer
PPM America Provides $236M Acquisition Debt for 20-Property Industrial Deal
A joint venture between SparrowHawk and Almanac Realty Investors has secured $236 million in acquisition debt to buy a 4.4 million-square-foot, 20-property U.S. industrial portfolio, according to a release. Fidelity Investments reported earlier that the joint venture purchased…