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Real Estate Rumors: BlackRock, 13th Floor Homes, UCLA

By Andrew McIntyre (March 12, 2020, 8:12 PM EDT) -- The Arden Group has landed $163 million in financing from BlackRock and CIT Bank for its recent purchase of an industrial portfolio as well as two additional industrial properties, Commercial Observer reported on Thursday. The loan is for a portfolio of 10 industrial properties in Texas, Ohio and Georgia that Arden recently bought from real estate firm Avistone, and is also for separate properties in Philadelphia and Charlotte, according to the report....

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