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News Breaks
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January 31, 2012
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| 18:11 EDT |  | SLG |
| theflyonthewall.com: | SL Green Realty closes residential/retail joint venture with Stonehenge | | SL Green Realty announced that it has closed on the acquisition of seven commercial and multifamily properties for $193.1M with its joint venture partner Stonehenge Partners. The transaction previously was announced in October, 2011. Two of the residential properties, which encompass 385 units, were financed with 7-year fixed rate mortgage financings totaling $100M which bear interest at 4.125%. The retail property located at 762 Madison Avenue was financed with a 5-year, fixed rate $8.5M mortgage loan which bears interest at 3.75%. The remaining four assets were purchased without any financing. :theflyonthewall.com |
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