CreXus Investment Corp. has acquired a portfolio of commercial real estate assets from Barclays Capital Real Estate Inc., an affiliate of Barclays Bank PLC. The aggregate purchase price of the portfolio is approximately $586 million.
The portfolio consists of 30 assets, including commercial mortgage loans, subordinate notes and mezzanine loans. The property types underlying these assets include hotels, offices, condominiums, multifamily properties and retail properties.
The closing of the transaction is contingent upon the completion of certain conditions, CreXus says. The acquisition is targeted to close in mid-April.
SOURCE: CeXus Investment
