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Wednesday, 07 July 2010

Guardian Life to Buy Stake in Lowe Enterprises Unit

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Guardian Life Insurance Co. of America has agreed to acquire a substantial, but minority stake in Lowe Enterprises Investors and has committed to invest $200 million alongside the firm's clients and partners.

Lowe Enterprises Investors is a unit of Lowe Enterprises, a Los Angeles developer and investment manager. It is a value-add investor that since the late 1980s has overseen some $6 billion of real estate and debt investments.

Brad Howe and Bleecker Seaman remain co-chief executives of Lowe Enterprises Investors and will continue to oversee the company's day-to-day operations.

"This partnership positions us to take advantage of the recovery of the real estate market and will allow us to better serve our clients by improving our capital resources," Howe said.

Grail Partners was financial adviser to Lowe in the transaction, while De Guardiola Advisors Inc. was financial adviser to Guardian.

Comments? E-mail Orest Mandzy or call him at (267) 247-0112, Ext. 211.



Copyright © 2010 Commercial Real Estate Direct www.crenews.com

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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Mergers & Acquisitions (M&A)
  • Deal Name: Bear Stearns Commercial Mortgage Securities Trust, 2006-PWR12
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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