Viking Partners Fund I Snaps Up Mich. Shopping Mall

Law360, New York (December 8, 2011, 5:53 PM EST) -- Viking Partners LLC, a real estate investment fund with a focus on purchasing foreclosed properties and mortgage debt from commercial properties in default, has purchased a shopping center in Howell, Mich., for an undisclosed price, Viking said Wednesday.

The private equity firm's Viking Partners Fund I LLC purchased a nonperforming note secured by the Kroger Co.-anchored Crossroads Towne Center from Torchlight Capital Management, its latest in a spree of distressed property and debt acquisitions.

The firm, which is actively seeking opportunities to buy debt secured by...
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