Multifamily Financing
Washington Business Journal
Date: Thursday, September 6, 2012, 10:50am EDTCBRE Group Inc. is weighing offers to buy $48.7 million in debt on the Marbury Plaza apartments in Southeast D.C. that could result in the community's sale to new owners.
Brokers at CBRE Group Inc. are weighing proposals to sell the debt on the controversial Marbury Plaza apartments in Southeast D.C. in a deal that could trigger the 671-unit rental community?s sale to new owners.
The brokerage had set a July 16 deadline to receive offers for the $48.7 million in debt on the property, which is broken down into three different notes and is in default, according to marketing materials.
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Source: http://feedproxy.google.com/~r/vertical_53/~3/w2yOX_T7JiQ/cbre-group-mulls-offers-for-marbury.html
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