An old saying in real estate posits that a good deal is one that is good for both sides. That adage is in play for the parties involved in one of the biggest distressed asset deals to date: the $ 1.4-billion sale of iStar Financial Inc's 33-asset portfolio.

Denver-based Dividend Capital Total Realty Trust Inc. has agreed to purchase the collection of office and industrial properties located throughout the us. Dividend Capital, in its announcements and Securities and Exchange Commission filings, says the transaction will enable it to acquire high quality properties that are net-leased to creditworthy corporate tenants.

Although the buyer has holdings in the majority of the geographic markets and regions involved in the sale, "This acquisition would cause us to enter eight new distinct geographic markets, ' the company says in an SEC filing.