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Brokerage
Posted: May 30, 2008
Krupoff of Capmark finances $25 million for Highcroft Apartments
Capmark Finance Inc. originated $25 million in financing for the acquisition of Highcroft Apartments, a multifamily property by Security Properties Inc. Situated on 9.41 acres at 1501 145th Place Southeast, the 159,863 s/f property is 98.8% occupied. Loan proceeds will be used to complete interior and exterior renovations, which will allow Security Properties to increase rents for the property. VP Jason Krupoff of the Capmark Finance Orange County, Calif., office originated the transaction.
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