Connecticut Common aerialBEACHWOOD, OHIO–SITE Centers has closed a joint venture with two Chinese institutional investors in which a 10-property portfolio has been recapitalized at approximately $607 million. SITE Centers will retain a 20% stake in the joint venture and receive management fees. The joint venture has also entered into a $364 million mortgage.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
