CBRE CAPITAL MARKETS ARRANGES $30,279,000 LOAN FOR 480-UNIT FT. LAUDERDALE APARTMENT COMMUNITY

CBRE CAPITAL MARKETS ARRANGES $30,279,000 LOAN FOR 480-UNIT FT. LAUDERDALE APARTMENT COMMUNITY

Ft. Lauderdale, FL – April 4, 2012 – (RealEstateRama) — CBRE Capital Markets closed on a $30,279,000 loan for the acquisition of San Tropez Apartments in Pembroke Pines, Florida, on behalf of the borrower, Advenir@San Tropez, LLC. Terms of the loan include a 10-year term with three years interest-only financing and a 75 percent loan-to-value ratio. The deal closed Friday, March 30.

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CBRE

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

Contact:

Robert W. McGrath
Senior Director, Corporate Communications

+1 212 9846515
+1 800 7996523 FREE

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