Cerberus Snags 2 German Retail Portfolios Out Of Receivership
Known as the Phoenix portfolio, one collection of properties includes nine shopping centers covering 990,000 square feet of floor space. Cerberus acquired the portfolio from Wells Fargo for an undisclosed price.
The so-called Monsoon portfolio includes 10 additional German retail properties that have an aggregate floor space of 2.8 million square feet....
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