Slate Asset Management, an alternative asset management platform that focuses on real estate, has acquired Annaly Capital Management's Commercial Real Estate Business ("ACREG") for $2.33 billion.
The acquisition includes a portfolio of performing real estate loans, debt securities and real estate equity positions. Members of the ACREG team will be joining Slate upon closing of the transaction.
"We believe this transaction is another example of Slate's ability to find value for our partners and investors at an opportune time in the market cycle," says Blair Welch, co-founding partner of Slate, in a prepared statement.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
