CBRE CAPITAL MARKETS ARRANGES $35.4 MILLION LOAN FOR CORAL SPRINGS APARTMENT COMMUNITY

Coral Springs, FL – April 6, 2012 – (RealEstateRama) — The strong momentum behind the Florida multihousing market recovery is evident as capital groups continue to aggressively seek quality assets to expand their footprint within the state. In Florida’s Broward County market, CBRE First Vice President Dennis Jiménez arranged a $35.4 million acquisition loan on behalf of Sherwood Forest at Coral Springs LP for the purchase of Sherwood Forest at Coral Springs Apartments from seller, AEW Capital. Terms of the seven-year loan, which closed on March 20, include three years of interest-only financing followed by a 30-year amortization.

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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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