ATLANTA-Meritex Enterprises, a private real estate investment and management company in Minneapolis, has closed on a debt and equity joint venture with an institutional partner. The deal involves Meritex’s 10-building, 726,500-square-foot office and warehouse portfolio in Atlanta.
Doug Seylar and Murray Kornberg of CB Richard Ellis' Minneapolis Debt and Equity Finance division facilitated the deal. The institutional partner invested $24 million. The funding included a secured loan and an equity investment.
“Meritex did not disclose its original purchase price, but the firm retains a significant equity position,” Seylar tells GlobeSt.com. “This transaction confirms that Atlanta remains a desirable investment market for institutional investors.”
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