PALM BEACH GARDENS, FL-Realty development and acquisition company, locally based Ram and Square Mile Capital Management LLC have jointly acquired a group of 38 troubled loans together having a par value of nearly $150 million.
The collateral consists of 39 shopping malls totaling 1.8 million square feet and located in nine states in the south. The assets were mainly based in Florida, Georgia, Tennessee, and the Carolinas. The joint venture has made this acquisition after considering several investments in troubled assets. For the full story, go to Florida Real Estate Journal.
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