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CorAmerica Acquired by Harbinger Group

NEW YORK CITY—The newly purchased firm will have operation here as well as in Los Angeles and Des Moines, IA.

By Rayna Katz | Updated on July 14, 2014

NEW YORK CITY—Harbinger Group Inc. has agreed to acquire a majority interest in CorAmerica Capital, LLC. Terms of the transaction were not disclosed.

CorAmerica is a commercial real estate company investing in both commercial and multifamily senior and mezzanine debt and equity. The firm focuses on originating and acquiring commercial mortgage loans and making select equity investments that increase in value over time, such as offices, industrial complexes, retail centers, apartments and hotels. CorAmerica will have operations in Los Angeles and New York, as well as Des Moines, IA, where the initial efforts to expand its existing lending platform will focus on the commercial whole loan sector.

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