NEW YORK — On behalf of Malkin Holdings, Jones Lang LaSalle’s Capital Markets experts today announced the firm has brought a $67.6 million high-quality and diverse portfolio of seven performing sub-debt positions to market. The portfolio is collateralized by equity interest in retail, office and multifamily assets located in and around global gateway cities and comprised of six performing mezzanine loans and one preferred equity position. The positions are available as a portfolio or for individual sale.
Managing Director and Global Loan Sales Leader Peter Nicoletti is leading the Jones Lang LaSalle team on this transaction, along with Managing Director Kelly Gaines and Senior Vice President Brett Rosenberg.
“The portfolio includes some of the highest quality assets in their respective cities,” said Nicoletti. “With top-tier CBD’s featuring strong growth and focused investor demand, the portfolio offers a unique relative yield opportunity and a solid investment for potential buyers.”
The assets tied to the mezzanine and equity positions are located in New York, San Francisco, Washington, D.C., Philadelphia and suburban London.
Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2012 alone, Jones Lang LaSalle Capital Markets completed $63 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $60 billion in global investment sales and buy-side transactions, equating to nearly $240 million of investment trades completed every working day around the globe. The firm’s Capital Markets team comprises more than 1,300 specialists, operating all over the globe.
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About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.3 billion of real estate assets under management. For further information, visit www.jll.com.
Contact: Heather Filkins
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