Oaktree, NFR Drop $240M On Wells Fargo-Leased Offices

Law360, New York (March 11, 2013, 3:07 PM EDT) -- An Oaktree Capital Management LP unit and privately held National Financial Realty Inc. have teamed up to purchase a large office portfolio of mostly Wells Fargo Bank-leased properties across eight states from First States Investors B LP for $240 million, according to a Monday statement. 

Per the deal, the joint venture is picking up 40 office buildings spread across the U.S., with Wells Fargo holding long-term leases for 90 percent of the 3.4-million-square-foot office portfolio, according to a statement. Funding for the deal is being provided...
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