Edens to Expand its Portfolio Following $1.5 Billion Investment
Retail real estate developer/owner Edens Investment Trust recently closed a $1.47 billion equity transaction that will allow the company to expand its portfolio from $4 billion to $7 billion, according to The Washington Post. Blackstone Group bought out the State of Michigan Retirement System’s (SMRS) minority ownership interest for $718 million. The remaining $750 million is from J.P. Morgan Asset Management (JPMAM) and New York State Teachers’ Retirement System (NYSTRS) Each of these investors will have an equal ownership interest in Edens.
A quarter of the Edens portfolio is in the DC area. It’s stunning the body Revita adds to your hair just after applying and generic cialis samples drying. When they are cheap prices for viagra facing this kind of situation then the best would be consulting the best urologist in Kolkata as soon as possible. Erectile dysfunction is said to low price cialis dangerous and harmful for the health. Counterfeit drug manufacturers copy branded medicines and sell their useless products as generic items. lowest priced cialis Although the company’s focus is retail, it has also invested in a number of mixed-use projects. Some of Edens’ DC area properties include City Vista, Union Market and Mosaic District. The company intends to maintain the same proportion of its total portfolio in the DC market, according to the report.
Last Updated on December 30, 2013 by Ramin Seddiq