NorRock Investor Backs Partners REIT's $50M Buyout

Law360, New York (October 28, 2011, 7:08 PM EDT) -- Green Tree Capital Management Corp., a major NorRock Realty Management Services Ltd. stakeholder, has signed on to support Partners Real Estate Investment Trust's $50 million acquisition of NorRock, the private equity firm announced Friday.

Ontario-based Green Tree said it had agreed to vote its 966,160 Class A shares and 3,500 preferred shares in favor of the acquisition plan, which was proposed Oct. 17 and would allow Partners REIT to expand its retail and multiuse property portfolio.

The deal is expected to close by the end of...
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