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ST LOUIS—ElmTree Funds has recapitalized a 18-property net lease portfolio, selling its majority position to Guggenheim Investments. The deal values the industrial-and-office portfolio at $900 million.
As part of the transaction, ElmTree will manage the assets for Guggenheim and maintain a small equity portion.
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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.
