Real Estate/Development
Nov. 2, 1999
Franklin Select to sell all properties
The board of directors of Franklin Realty Trust approved the sale of the trust's remaining real estate assets to Value Enhancement Fund III, which is managed by Lend Lease Real Estate Investments Inc. of Atlanta. The deal is scheduled to close by the beginning of 2000.
The board of directors of Franklin Realty Trust approved the sale of the trust's remaining real estate assets to Value Enhancement Fund III, which is managed by Lend Lease Real Estate Investments Inc. of Atlanta. The deal is scheduled to close by the beginning of 2000.
The all-cash sale is expected to be about $131.5 million. The buyer would assume existing debt on the properties of approximately $26.46 million. The properties include the 138,000-square-foot Shores Office c...
The all-cash sale is expected to be about $131.5 million. The buyer would assume existing debt on the properties of approximately $26.46 million. The properties include the 138,000-square-foot Shores Office c...
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