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Tuesday, 29 February 2000

Olympus Completes $1.7 Bln Acquisition of Walden Residential

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March 1, 2000

DALLAS – Olympus Real Estate Corp. has completed its previously announced $1.7 billion acquisition of Walden Residential Properties Inc., the large multifamily REIT.

The transaction was completed after receiving the approval of Walden shareholders at a special meeting held this morning in Dallas. Go To Previous Story in the IPGDirect.com Archive.


All shareholders of Walden common and preferred stock will receive cash consideration for their shares, which have ceased trading on the New York Stock Exchange (its ticker symbol had been "WDN; it closed yesterday at just over $23 per share, with more than 26.5 million shares outstanding).

Walden will now operate as a private company under Olympus's ownership.

Olympus also named John B. Bartling as Walden's new president and CEO. Bartling most recently served as president and CEO of Lexford Residential Trust, a 36,000-unit multifamily REIT that was recently acquired by Equity Residential Property Trust.

Olympus officials said that Walden's new mission will be to focus on core markets where the company maintains significant market share.


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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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