In order to enable the sale, the shareholders of the company must vote to give their consent. A special fourth quarter 2000 is expected and proxy material will be sent to shareholders outlining the sale contract, seeking their support.
First Union reports that Radiant will assume responsibility for mortgages on particular properties. The total mortgage amount is approximately $125 million.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
