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EJM Kyrene Property LLC v. KTR Property Trust I et al
Case Number:
2:13-cv-02660
Court:
Nature of Suit:
Judge:
Firms
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November 03, 2015
REIT Accused Of Taking Bogus Fees In Spat Over $136M Deal
A real estate developer's affiliate urged an Arizona federal judge Monday to order a real estate investment trust that bought its loan on a property involved in a $136 million purchase deal to pay the affiliate back for the $1.6 million in allegedly "outrageous" fees.
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January 02, 2014
REIT Hit With Contract Suit Over Loan In $136M Deal
EJM Kyrene Property LLC hit KTR Property Trust I and others with a breach of contract suit in Arizona federal court on Tuesday, claiming KTR delayed a property purchase — part of a $136 million deal — and then bought EJM's loan and demanded sums it was not owed.