Finance Institutional Investment
Carlton to Market $69M of Loan Assets
May 13, 2008

Carlton has been retained to market and sell approximately $69.3 million of performing and nonperforming commercial mortgage loan assets on behalf of an institutional client, it has announced. There are seventeen performing and non-performing commercial loan assets. The portfolio is characterized by town homes, warehouse and condominium properties in various stages of completion. There are also prime residential land assets. Most of the properties are located in the Southeast region of the United States. The loan assets are being offered on a sealed-bid basis and Carlton will entertain bids on individual assets or groups of assets.

 
Recent Institutional Investment Headlines
14thst Landmark Boston, NYC Properties Acquire Financing
While deals may be slowing down, Holliday Fenoglio Fowler L.P has arranged two deals--one for $85 million for the Boston Harbor Garage in Boston and one for $90 million refinancing for 401 West 14th St., a 62,000-square-foot retail and office building in Manhattan’s Meatpacking District.
$8.9B Penn Gaming Merger Crumbles
After spending the last few months attaining all the requisite approvals from various gaming commissions and boards, Penn National Gaming has put the kibosh on its proposed $8.9 billion merger with PNG Acquisition Company Inc., an entity involving funds managed by Fortress Investment Group L.L.C. and Centerbridge Partners L.P. affiliates.
Kennedy Wilson Expands Seattle-Area Apartment Portfolio via $117M Buy
Kennedy Wilson Multifamily Management Group Ltd., the multi-family investment division of Kennedy Wilson, has acquired two Class B apartment communities in the Seattle area for a total of just over $117 million.
Prince Charles to Launch £1B Property Fund
Prince Charles is planning to launch a £1 billion property fund that will invest in sustainable building projects, according to a report in London's Sunday Telegraph.
Developer Purchases 174 Acres in Growing San Antonio Area
Potranco Limited L.P. has purchased 174 acres about 20 miles west of San Antonio from the General Land Office of the state of Texas on behalf of the Permanent School for an undisclosed amount.