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CWCAM Trades 62-Asset Portfolio $2.5B

LOS ANGELES—CWCapital Asset Management sells a portfolio with 62 mortgage loans and retail, office and hospitality assets across the US.

By Kelsi Maree Borland | Updated on March 17, 2014

LOS ANGELES— CWCapital Asset Management has sold a 62-mortgage-loan and asset portfolio for a notional balance of $2.5 billion, which includes the current balance of the loan assets and the cutoff balance before converting to owned real estate. The portfolio has retail, office and hospitality properties across the US.

CWCAM received over 150 offers from US and international buyers, who were interested in buying both the whole portfolio and portions of it. Eventually, the firm broke the portfolio in to nine asset pools and sold them through 13 separate closings.  

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