Five Mile Aims To Finish Purchase Of Chicago Realty Trust

Law360, New York (December 2, 2011, 7:37 PM EST) -- A unit of Five Mile Capital Partners LLC interested in a Chicago real estate trust that has been selling off assets in recent years is seeking to finish the acquisition by buying the trust's remaining preferred shares, the real estate investment firm said Thursday.

The Five Mile unit is seeking to buy all the outstanding series B preferred shares of Prime Group Realty Trust for $5.25 apiece, a 38 percent uptick from the closing price of the shares trading over the counter on Oct. 10, the firm said in...
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